Notes to SEFA
Title: NOTE C:PASSED THROUGH TO SUBRECIPIENTS
Accounting Policies: NOTE A: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule)includes the federal award activity of Bauer Family Resources, Inc. underprograms of the federal government for the year December 31, 2022. Theinformation in this Schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule presents only a selected portion ofthe operations of Bauer Family Resources, Inc., it is not intended to and doesnot present the financial position, changes in net assets, or cash flows of BauerFamily Resource, Inc.NOTE B: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESA) Expenditures reported on the Schedule are reported on the accrual basisof accounting. Such expenditures are recognized following the costprinciples contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.B) Bauer Family Resources, Inc. has elected to not use the 10% de minimisindirect cost rate allowed under Uniform Guidance. The Department ofHealth and Human Services allowed a provisional 25.1% indirect cost ratefor 2022.C) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Bauer Family Resources, Inc. has elected to not use the 10% de minimisindirect cost rate allowed under Uniform Guidance. The Department ofHealth and Human Services allowed a provisional 25.1% indirect cost ratefor 2022.
Bauer Family Resources, Inc. had no awards that were passed through to subrecipients.