Notes to SEFA
Title: Note A - Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of Federal awards are reported on the accrual basis of accounting. Such expenditures follow 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: PSHS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of Federal awards includes the Federal grant activity of NCR Permanent Supportive Housing Services (PSHS) under programs of the Federal government for the year ended June 30, 2024. The information in the schedule of expenditures of Federal awards is presented in accordance with the requirements of Title 2 U.S. Code of Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of Federal awards presents only a selected portion of operations of PSHS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of PSHS.
Title: Note C - Matching Fund requirements
Accounting Policies: Expenditures reported on the schedule of expenditures of Federal awards are reported on the accrual basis of accounting. Such expenditures follow 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: PSHS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
In accordance with PSHS' HUD Continuum of Care Funded Partnership Agreement with Community Shelter Board, PSHS was required to obtain matching contributions totaling $172,826. PSHS exceeded the required matching fund requirement. In accordance with PSHS' HUD Continuum of Care Subaward Agreement with Strategies to End Homelessness, Inc., PSHS was required to obtain matching contributions totaling $121,451. PSHS exceeded the required matching fund requirement.
Title: Note D - Non-cash assistance
Accounting Policies: Expenditures reported on the schedule of expenditures of Federal awards are reported on the accrual basis of accounting. Such expenditures follow 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: PSHS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
PSHS did not receive any donations of personal protective equipment.