Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: see note next tab
De Minimis Rate Used: N
Rate Explanation: n/a
The Schedule of Expenditures of Federal Awards includes the federal grant activity of 17 Lincoln
Street, Inc. 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 this schedule presents only a selected portion of the operations of 17 Lincoln
Street, Inc., it is not intended to oes
not present the financial position, changes in net assets, or cash flows of 17 Lincoln Street, Inc.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: see note next tab
De Minimis Rate Used: N
Rate Explanation: n/a
Expenditures reported on this 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. Pass-through entity identifying numbers are presented where available.
Title: SUMMARY OF PROGRAM EXPENDITURES
Accounting Policies: see note next tab
De Minimis Rate Used: N
Rate Explanation: n/a
Capital advance (prior year) $ 845,500 Tenant rental assistance subsidy (current year) 49,368 Total $894,868