Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Accrual Basis accounting. See also Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: See footnotes.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Emergency Support Shelter under programs of the federal government for the year ended June 30, 2023. The information in the 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 select portion of the operations of Emergency Support Shelter, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of Emergency Support Shelter.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Accrual Basis accounting. See also Basis of Presentation
De Minimis Rate Used: N
Rate Explanation: See footnotes.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures 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. Emergency Support Shelter has elected not to use the 10 percent de minimis rate as allowed under the Uniform Guidance.