Notes to SEFA
Title: (1) Summary of Significant Accounting Policies Applicable to the Schedule of Expenditures
of Federal Awards
Accounting Policies: GAAP
De Minimis Rate Used: N
Rate Explanation: Hope House did not use the 10% de minimis indirect cost rate as covered in section 200.414 of the Uniform Guidance.
(a) Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards for the Block
Grants for Prevention and Treatment of Substance Abuse Program includes the
federal grant activity of Hope House, Inc. 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 presents only a selected portion of the operations of Hope House, it is
not intended to and does not present the financial position, changes in net assets
or cash flows of Hope House. Hope House did not use the 10% de minimis indirect
cost rate as covered in section 200.414 of the Uniform Guidance.
(b) Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of
accounting. Such expenditures for part of the year are recognized following the
cost principles contained in Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
(c) Subrecipients
There were no payments made to subrecipients in 2023.