Notes to SEFA
Title: NON-CASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal expenditures activity of Northwest Side Housing Center for the year ended December 31, 2022, and is presented on the accrual basis of accounting. The information in this 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to, and does not represent, the financial position, changes in net assets, or cash flows of the Center.
De Minimis Rate Used: Y
Rate Explanation: The Center has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Center did not have any outstanding federal loans or loan guarantees or insurance at December 31, 2022, and did not receive any federal non-cash awards during the year ended December 31, 2022.