Notes to SEFA
Title: Note 3 - Non-cash, Loans and Loan Guarantees, and Federally Funded Insurance
Accounting Policies: The accompanying Schedule of Expenditure of Federal Awards for Good Neighbor Settlement House, Inc. is presented on the accrual basis of accounting. Such expenditures are recognized following the costs 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: The auditee does not utilize the de minimums cost rate
During the year ended December 31, 2023, Good Neighbor Settlement House, Inc. did not have any non-cash, loans and loan guarantees, and federally funded insurance.