Notes to SEFA
Title: Supportive Housing for Persons with Disabilities
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal
award activity of Jack & Virginia Wright Apartments Foundation under programs of the federal
government for the year ended June 30, 2023. The information in this Schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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 Jack &
Virginia Wright Apartments Foundation, it is not intended to and does not present the financial
position, changes in net assets or cash flows of Jack & Virginia Wright Apartments Foundation. Expenditures reported on the Schedule are reported on the full 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.
De Minimis Rate Used: N
Rate Explanation: All direct charges
The amount above for "Supportive Housing for Person with Disabilities" represents the full balance of the capita advance subject to this federal program and not expenditures incurred for the year ended June 30, 2023