Notes to SEFA
Accounting Policies: 1. Basis of presentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of The Rhode Island Coalition to End Homelessness (the Coalition) under programsof the federal government for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of the Coalition, it is not intended to and does not present the financial position, changesin net assets or cash flows for the Coalition.2. Summary of significant accounting policies- Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.