Audit 306591

Title: LOAN Accounting Policies: The accompanying schedule of expenditures of federal and state awards (Schedule) includes the federal and state grant activity of SafeHaven of Tarrant County (Organization). The information in this schedule is presented in accordance with the audit 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 only presents a selected portion of the operations of the Organization, it is not intended and does not present the financial position, changes in net asset, or cash flows of the Organization. De Minimis Rate Used: Y Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. The Organization received a $140,000 interest-free forgivable loan from the City of Fort Worth through a grant provided by the United States Department of Housing and Urban Development. The loan is forgivable at the end of the compliance period or August 31, 2023, provided that all program requirements are met and the Organization is not in default with the loan terms or the grant contract. The loan was forgiven in full during the year ending September 30, 2023.