Notes to SEFA
Title: Match
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Housing Forward under programs of the federal government for the year ended December 31, 2022. The information in the 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 Housing Forward, it is not intended to and does not present the financial position, changes in net assets or cash flows of Housing Forward. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Housing Forward has not elected to use the 10 percent de minimis indirect cost rate, and continues to use the cost allocation plan negotiated individually with its grantors, as applicable.
Housing Forward is required to provide 25% matching funds to fulfill its Continuum of Care contracts. These matching funds consist of contributions, fees, in-kind rent and other grants. Housing Forward claimed the following in matching funds for the following contracts for the year ended December 31, 2022: CAS - $14,455, CoC - $36,088, HMIS - $100,408.