Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the same basis of accounting and significant accounting polices, as applicable, used for the financial statements. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Open Doors Homeless Coalition has elected not to use the 10-percent minimis indirect cost rate allowed under the Uniform Guidance.