Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Villa Caridad, HUD Project No. 122-EE183-WAH-NP, and is presented an 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 (CFR) Part 200, Uniform Adminisfrafive Requirements, Cost Principles for Federal Awards (Uniform Guidance), therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimis cost rate.