Notes to SEFA
Accounting Policies: Note A – Basis of Presentation The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity
of Christian Housing‐Mesa, Inc. (the Organization) under programs of the federal government for the year ended
December 31, 2023. The information 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 financial position, changes in the net assets, or
cash flows of the Organization. Note B – Significant Accounting Policies Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has
been provided to a subrecipient. Note C – Indirect Cost Rate The Organization does not draw for indirect administrative expenses and has not elected to use the 10% de
minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.