Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bethany Services, Inc. d/b/a Bakersfield Homeless Center and Alliance Against Family Violenceand Sexual Assault has elected not to use the 10 percent de minimis indirect cost rate allowed under theUniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Bethany Services, Inc. d/b/a Bakersfield Homeless Center and Alliance Against Family Violence and Sexual Assault under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Bethany Services, Inc. d/b/a Bakersfield Homeless Center and Alliance Against Family Violence and Sexual Assault, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethany Services, Inc. d/b/a Bakersfield Homeless Center and Alliance Against Family Violence and Sexual Assault.
Title: Loan Outstanding
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bethany Services, Inc. d/b/a Bakersfield Homeless Center and Alliance Against Family Violenceand Sexual Assault has elected not to use the 10 percent de minimis indirect cost rate allowed under theUniform Guidance.
The U.S. Department of Housing and Urban Development loaned money to the City of Bakersfield totaling $189,224, who passed the money through to Bethany Services, Inc. d/b/a Bakersfield Homeless Center and Alliance Against Family Violence and Sexual Assault, which had a balance outstanding at June 30, 2022 as follows. HOME Investment Partnerships Program (14.239) - Balance outstanding at June 30, 2022 was $189,225.