Notes to SEFA
Title: Nature of Federal Awards Program
Accounting Policies: The amounts reported in the schedule of expenditures of federal awards are reported on the accrualbasis of accounting. Such expenditures are recognized following the cost principles contained inthe Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The schedule of expenditures of federal awards includes the federal award activity ofRedhouse Arts Center, Inc. and Affiliated Organizations under programs of the federalgovernment for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Redhouse Arts Center, Inc. and Affiliated Organizations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Subrecipients
Accounting Policies: The amounts reported in the schedule of expenditures of federal awards are reported on the accrualbasis of accounting. Such expenditures are recognized following the cost principles contained inthe Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Redhouse Arts Center, Inc. and Affiliated Organizations did not pass any federal funds to subrecipients for the year ended June 30, 2022.