Notes to SEFA
Title: Basis of presentation
Accounting Policies: GAAP
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Healthcare for the Homeless – Houston under programs of the federal government for the year ended December 31, 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 the Organization, it is not intended to and does not present the financial position, changes in
net assets, or cash flows.
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 for federal awards.
Title: Indirect rate
Accounting Policies: GAAP
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization has elected not to use the 10% minimis indirect cost rate allowed under the Uniform Guidance.
Title: Subrecipients
Accounting Policies: GAAP
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization did not provide federal funds to subrecipients for the year ended December 31, 2023.
Title: Loan guarantee
Accounting Policies: GAAP
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization did not have any loans or loan guarantee programs required to be reported on the Schedule for the year ended December 31, 2023.
Title: Reconciliation of federal grant expense
Accounting Policies: GAAP
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following is a reconciliation of federal grant expense per the statement of activities to the federal grants per the Schedule for the year ended December 31, 2023:
Federal and state grants and contracts per the statement of activities $ 4,723,345
Less: non-federal grants included in federal and state grants and contracts line ite 580,854
Federal grants per the schedule of expenditures of federal awards $ 4,142,491
Title: Relationships to Federal financial reports
Accounting Policies: GAAP
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Amounts reported in the accompanying financial statements may not agree with the amounts reported in the related Federal financial reports filed with grantor agencies because of different program year-ends and accruals that will be reflected in the next reports filed with the agencies.