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 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: Catholic Charities has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of
Catholic Charities and Community Services of the Archdiocese of Denver, Inc. (Catholic Charities) under programs of the federal government for the year ended June 30, 2024. 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 the operations of Catholic Charities, it is not intended to and does not present the financial position, changes in net assets, or cash flows
of Catholic Charities.
Title: Subrecipients
Accounting Policies: 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: Catholic Charities has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
There were no awards passed through by Catholic Charities to subrecipients.
Title: Farm Labor Housing Corporation
Accounting Policies: 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: Catholic Charities has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Catholic Charities' combined financial statements include the operaitons of Farm Labor Housing Corporation (FLHC), which expended $975,950 in federal awards, which is not included in this schedule. The audit does not include the operations of FLHC because a separate audit of FLHC was performed in accordance with the requirements of the Uniform Guidance.