Notes to SEFA
Title: LOAN BALANCES
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of Bolton Refuge House, Inc. 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) and the Provider Agency Audit Guide. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Bolton Refuge House, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
HOME Loan balances outstanding at December 31, 2023 were $285,923
Title: SUBRECIPIENT PAYMENTS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of Bolton Refuge House, Inc. 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) and the Provider Agency Audit Guide. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Bolton Refuge House, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
Bolton Refuge House, Inc. did not make any subrecipient payments during the year ended December 31, 2023.