Title: Note 1 - Basis of Presentation
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal
grant activity of the Organization for the year ended December 31, 2023. Expenditures
reported in the Schedule are reported on the same basis of accounting as the financial
statements, although the basis for determining when federal awards are expended is
presented in accordance with the requirements of the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited as to reimbursement. Therefore,
some amounts presented on this schedule may differ from amounts presented in or used
in the preparation of the financial statements.
Title: Note 2 – Summary of Significant Accounting Policies
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
Title: Note 3 - Description of Major Federal Program
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Emergency Solutions Grant Program – This program provides federal monies for 1) the
rehabilitation or conversion of buildings for use as emergency shelter for the homeless,
2) the payment of certain expenses related to operating emergency, 3) essential services
related to emergency shelters and street outreach for the homeless, and 4) homelessness
prevention and rapid re-housing assistance.
Title: Note 4 - Non-Cash Assistance
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
None.
Title: Note 5 - Amount of Insurance
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
None.
Title: Note 6 - Loans or Loan Guarantees Outstanding
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
None.
Title: Note 7 – Indirect Cost Rate
Accounting Policies: Summary of Significant Accounting Policies Expenditures reported on the Schedule are
reported on the accrual basis of accounting, which is described in Note 1 to the
Organization’s financial statements. Such expenditures are recognized following the cost
principles contained in Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The Organization has elected to not use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.