Title: Basis of Presentation
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of Ark Homes Foster Family Agency (“Ark Homes FFA”), under
the programs of the federal government, state, and local agencies, for the year ended December 31,
2023. The Schedule is presented in accordance with 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 Ark Homes FFA, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Ark Homes FFA.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Ark Homes FFA did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of Ark Homes Foster Family Agency (“Ark Homes FFA”), under
the programs of the federal government, state, and local agencies, for the year ended December 31,
2023. The Schedule is presented in accordance with 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 Ark Homes FFA, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Ark Homes FFA.
Title: Basis of Accounting
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of Ark Homes Foster Family Agency (“Ark Homes FFA”), under
the programs of the federal government, state, and local agencies, for the year ended December 31,
2023. The Schedule is presented in accordance with 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 Ark Homes FFA, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Ark Homes FFA.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Ark Homes FFA did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Ark Homes FFA did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of Ark Homes Foster Family Agency (“Ark Homes FFA”), under
the programs of the federal government, state, and local agencies, for the year ended December 31,
2023. The Schedule is presented in accordance with 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 Ark Homes FFA, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Ark Homes FFA.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Ark Homes FFA did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Ark Homes FFA did not pass-through federal funding to any sub-recipients during the year ended
December 31, 2023.
Title: Other Information
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of Ark Homes Foster Family Agency (“Ark Homes FFA”), under
the programs of the federal government, state, and local agencies, for the year ended December 31,
2023. The Schedule is presented in accordance with 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 Ark Homes FFA, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Ark Homes FFA.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Ark Homes FFA did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Ark Homes FFA did not receive federal insurance, loans, or non-cash assistance during the year
ended December 31, 2023.