Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis cost rate allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Selfhelp Community Services, Inc. (the “Organization”) 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 the Organization, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of the Organization.
Title: Non-Cash Awards
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis cost rate allowed under the Uniform Guidance
For the year ended June 30, 2023, the Organization did not have any non-cash awards, mortgages, or loan funds that should be included in the federal expenditures presented in this Schedule.
Title: Amounts Not Included in the Schedule
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis cost rate allowed under the Uniform Guidance
Due to reporting and regulatory requirements associated with the Department of Housing and Urban Development for federal assistance listing number 14.157, separate audited financial statements under the Uniform Guidance were issued for Selfhelp United Help Kissena Apts. HDFC, Inc. and United Help/Selfhelp Housing for the Elderly Housing Development Fund Company, Inc., which are subsidiaries of the Organization. The Selfhelp United Help Kissena Apts. HDFC, Inc. and United Help/Selfhelp Housing for the Elderly Housing Development Fund Company, Inc. reports were for the fiscal years ended June 30, 2023 and March 31, 2023, respectively. Amounts not included in the Schedule are as follows: Selfhelp United Help Kissena Apts. HDFC, Inc. 14.157 $8,978,424. United Help/Selfhelp Housing for the Elderly Housing Development Fund Company, Inc. 14.157 $7,557,275. Total $16,535,699
Title: Other Matter
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis cost rate allowed under the Uniform Guidance
In accordance with the 2023 OMB Compliance Supplement, eligible expenditures under assistance listing 97.036 incurred in the Organization’s 2020 and 2021 fiscal years and approved by Federal Emergency Management Agency should be recorded in the Organization’s Schedule. Accordingly, the total U.S. Department of Homeland Security federal expenditures for the year ended June 30, 2023 includes $376,185 of eligible expenditures from fiscal years 2020 and 2021.