Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Ecology
House, Inc., FHA Project No. 121-HH011, and is presented on the accrual basis of accounting. 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 Ecology House, Inc., it is not intended to and does not present the financial position, changes
in net assets, or cash flows of Ecology House, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principals 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: Ecology House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal award activity of Ecology
House, Inc., FHA Project No. 121-HH011, and is presented on the accrual basis of accounting. 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 Ecology House, Inc., it is not intended to and does not present the financial position, changes
in net assets, or cash flows of Ecology House, Inc.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Ecology
House, Inc., FHA Project No. 121-HH011, and is presented on the accrual basis of accounting. 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 Ecology House, Inc., it is not intended to and does not present the financial position, changes
in net assets, or cash flows of Ecology House, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principals 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: Ecology House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
Ecology House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: NOTE C – LOAN PROGRAM BALANCES OUTSTANDING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Ecology
House, Inc., FHA Project No. 121-HH011, and is presented on the accrual basis of accounting. 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 Ecology House, Inc., it is not intended to and does not present the financial position, changes
in net assets, or cash flows of Ecology House, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principals 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: Ecology House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Loan balances outstanding as of September 30, 2023 are as follows:
Supportive Housing for Persons with Disabilities Capital Advance Mortgage $1,204,900