Notes to SEFA
Title: Note A - Basis of presentation
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Evangeline Booth Friendship House Residence, Inc., a Texas Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Evangeline Booth Friendship House Residence, Inc., a Texas Corporation 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 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 Evangeline Booth Friendship House Residence, Inc., a Texas Corporation, it is not intended to and does not present the financial position, changes in net assets (deficit), or cash flows of Evangeline Booth Friendship House Residence, Inc., a Texas Corporation. For the year ended September 30, 2023, no awards were passed through to subrecipients.
Title: Note C - U.S. Department of Housing and Urban Development capital advance program
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Evangeline Booth Friendship House Residence, Inc., a Texas Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Evangeline Booth Friendship House Residence, Inc., a Texas Corporation has received a U.S. Department of Housing and Urban Development direct capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Evangeline Booth Friendship House Residence, Inc., a Texas Corporation received no additional capital advances or loans during the year. The balance of the capital advance outstanding at September 30, 2023 consists of: See the Notes to the SEFA for chart/table