Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following
the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying consolidated schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of County
Corp, Homestart, Inc., and HomeOwnership Center of Greater Dayton, Inc. (County Corp and Affiliates or collectively the "Organization")
under programs of the federal government for the year ended September 30, 2023. 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 County Corp and Affiliates, it is not intended to, and does not, present the consolidated financial position, changes in
net assets, or cash flows of County Corp and Affiliates for the year ended September 30, 2023.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following
the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following
the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
(2) County Corp and Affiliates has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
(3) County Corp and Affiliates did not pass any federal funds through to subrecipients during the year ended September 30, 2023. (4) Pass-through entity numbers were not available.