Notes to SEFA
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) was prepared on the accrual basis of accounting. Grant awards are recorded as revenue when the criteria for earning the revenue is met, generally when the expenditure of grant funds is made. Grant expenditures are recorded when the liability is incurred. As of December 31, 2023, Hope House, Inc. had accumulated unspent federal funds in the amount of $730,567 related to the major program. To determine the federal share when not specifically stated, Hope House, Inc. applied the proportion of federal funds to total contract funds to the amount recognized in total. The nonfederal share of expenditures is excluded from the Schedule. The information presented in the 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). This schedule only presents a selected portion of the operations of Hope House, Inc.
De Minimis Rate Used: N
Rate Explanation: Hope House Inc. did not elect to use the 10% de minimis cost rate. For the Major Program (93.959), Hope House, Inc. follows the New York State Office of Addiction Services and Supports guidance for allocating administrative costs in the New York State Consolidated Fiscal Reporting Manual.
There were no federal awards expended in the form of non-cash assistance during the year ended December 31, 2023
Title: Subreceipts
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) was prepared on the accrual basis of accounting. Grant awards are recorded as revenue when the criteria for earning the revenue is met, generally when the expenditure of grant funds is made. Grant expenditures are recorded when the liability is incurred. As of December 31, 2023, Hope House, Inc. had accumulated unspent federal funds in the amount of $730,567 related to the major program. To determine the federal share when not specifically stated, Hope House, Inc. applied the proportion of federal funds to total contract funds to the amount recognized in total. The nonfederal share of expenditures is excluded from the Schedule. The information presented in the 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). This schedule only presents a selected portion of the operations of Hope House, Inc.
De Minimis Rate Used: N
Rate Explanation: Hope House Inc. did not elect to use the 10% de minimis cost rate. For the Major Program (93.959), Hope House, Inc. follows the New York State Office of Addiction Services and Supports guidance for allocating administrative costs in the New York State Consolidated Fiscal Reporting Manual.
Hope House, Inc. provided no federal awards to subrecipients during the year ended December 31, 2023