Notes to SEFA
Title: Note A - Basis of presentation:
Accounting Policies: Expenditures reported on the schedule of expenditures of Federal awards 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: The Breathing Association and Subsidiary has elected not to use the 10 percent de minimus cost rate as allowed under
the Uniform Guidance.
The schedule of expenditures of Federal awards includes the Federal award activity of The Breathing Association and
Subsidiary, under programs of the Federal government for the year ended June 30, 2023. 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 of expenditures of Federal awards presents only a selected portion of the operations
of The Breathing Association and Subsidiary, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of The Breathing Association and Subsidiary.
Title: Note E - Passed through to subrecipients:
Accounting Policies: Expenditures reported on the schedule of expenditures of Federal awards 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: The Breathing Association and Subsidiary has elected not to use the 10 percent de minimus cost rate as allowed under
the Uniform Guidance.
The Breathing Association and Subsidiary did not pass through any Federal awards to subrecipients for the year ended
June 30, 2023.