Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Prospect Housing Properties, inc and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements of the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: Prospect Housing Properties, Inc does not use the 10% de minimus indirect cost rate allowed by the Uniform Guidance.
The schedule of expenditures of federal awards includes the federal grant activity of Prospect Housing Properties, inc and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements of the Uniform Guidance
Title: Indirect Cost Rate
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Prospect Housing Properties, inc and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements of the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: Prospect Housing Properties, Inc does not use the 10% de minimus indirect cost rate allowed by the Uniform Guidance.
Prospect Housing Properties, Inc does not use the 10% de minimus indirect cost rate allowed by the Uniform Guidance.