Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained the the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Cabell Huntington Coalition for the Homeless, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Cabell Huntington Coalition for the Homeless, Inc. under programs of the federal government for the year ended June 30, 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 operations of Cabell Huntington Coalition for the Homeless, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cabell Huntington Coalition for the Homeless, Inc.
Title: Loans outstanding
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained the the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Cabell Huntington Coalition for the Homeless, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Cabell Huntington Coalition for the Homeless, Inc. had the following loan balances outstanding at June 30, 2023. These loan balances outstanding are also included in the federal expenditures presented in the schedule: Program Title -Home Investment Partnerships Program. Federal CFDA Number-14.239. Amount Outstanding- $712,664.