Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: Management does not apply an indirect cost rate, as no indirect cost rate applies to the entity’s federal program.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Limen House, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE B - INDIRECT COST RATE
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: Management does not apply an indirect cost rate, as no indirect cost rate applies to the entity’s federal program.
Management does not apply an indirect cost rate, as no indirect cost rate applies to the entity’s federal program.