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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Association does not utilize an indirect cost rate as it would not be applicable to the insured loan and rental subsidy programs and those are the primary direct federal programs of the Association.
The accompanying schedule of consolidated expenditures of federal awards (the “Schedule”) includes the federal award activity of Mental Health Association, Inc. and Affiliates 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 Mental Health Association, Inc. and Affiliates, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of Mental Health Association, Inc. and Affiliates.
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 in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Association does not utilize an indirect cost rate as it would not be applicable to the insured loan and rental subsidy programs and those are the primary direct federal programs of the Association.
The Association had U.S. Department of Housing and Urban Development Section 202 loans totaling $906,353 outstanding as of June 30, 2024 and Section 811 capital advance loan commitments totaling $6,081,600 as of June 30, 2024. In accordance with the requirements of the Uniform Guidance, the total amount of these loan commitments outstanding at the beginning of the audit period have been included in the schedule of consolidated expenditures of federal awards.
Title: Pass-through state agencies
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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Association does not utilize an indirect cost rate as it would not be applicable to the insured loan and rental subsidy programs and those are the primary direct federal programs of the Association.
Expenditures of federal awards for funds passed through state agencies are based on information provided by the Commonwealth of Massachusetts Operational Services Division.
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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Association does not utilize an indirect cost rate as it would not be applicable to the insured loan and rental subsidy programs and those are the primary direct federal programs of the Association.
There were no Subrecipients during the year ended June 30, 2024 as there were no subawards of federal funds.