Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting, which is described in Note 1. to the Bureaus financial statements. Such expenditures are recognized following the cost principles contained Title 2 U.S. CFR Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustmentsor credits made in the normal course of business to amounts reported as expenditures in prior year. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Bureau has an agreement with the U.S. Department of Health and Human Services to receive reimbursement for indirect costs. The indirect cost rate for fiscal year 2022 was 21% of direct costs. The de minimus indirect rate of 10% has not been used.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bureau and is presented on the cash basis of accounting, as described in Note 1. to the Bureaus financial statements. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the general-purpose financial statements.