Notes to SEFA
Title: NOTE 1. BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award
activity of Housing Matters (the “Organization”) 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 the Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE USED INDIRECT RATES AS SET FORTH IN THE BUDGETED CONTRACT.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award
activity of Housing Matters (the “Organization”) 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 the Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
Title: NOTE 2. PROGRAM COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award
activity of Housing Matters (the “Organization”) 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 the Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE USED INDIRECT RATES AS SET FORTH IN THE BUDGETED CONTRACT.
The amounts shown as current year expenses represent only the federal portion of the program costs.
Entire program costs, including the Organization's portion, may be more than shown.
Title: NOTE 3. FEDERAL INDIRECT RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award
activity of Housing Matters (the “Organization”) 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 the Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE USED INDIRECT RATES AS SET FORTH IN THE BUDGETED CONTRACT.
The Organization has not elected to use the 10-percent de minimis indirect cost rate.