Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards (the schedule) includes the Federal awards activityof Greccio Housing Unlimited, Inc. and Subsidiary (Greccio), and is presented on the accrual basis ofaccounting. The information in the schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples and Audit Requirements for Federal Awards. Therefore, some amounts presented in thisschedule may differ from amounts presented in or used in the preparation of the basic financialstatements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.