Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
The schedule of expenditures of federal awards includes the federal grant activity of
REACH for Housing Inc. for Mendenhall Woods - HUD Project No. 176-HD029
and is presented in accordance with generally accepted accounting principles. The
information in this schedule is presented in accordance with the requirements of
Title 2 Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards.
REACH for Housing Inc. has elected not to use the 10% de minimis indirect cost rate.
REACH for Housing, Inc. has a capital advance included on the schedule of expenditures of
federal awards representing a loan balance of $906,368 as of June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: REACH for Housing Inc. has elected not to use the 10% de minimis indirect cost rate.