Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: See Form
De Minimis Rate Used: N
Rate Explanation: See Form
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Fair Housing Advocates of Northern California and is presented on the accrual basis. 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). The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within Fair Housing Advocates of Northern California’s financial statements.
Title: NOTE 2 - PASS-THROUGH ENTITIE’S IDENTIFYING NUMBER
Accounting Policies: See Form
De Minimis Rate Used: N
Rate Explanation: See Form
When federal awards were received from a pass-through entity, the Schedule of Expenditures of Federal Awards shows, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, Fair Housing Advocates of Northern California determined that no identifying number is assigned for the program or Fair Housing Advocates of Northern California was unable to obtain an identifying number from the pass-through entity.
Title: NOTE 3 - FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: See Form
De Minimis Rate Used: N
Rate Explanation: See Form
The Federal assistance listing number included in the accompanying Schedule of Expenditures of Federal and State Awards was determined based on the program name, review of the award contract, and the Office of Management and Budget’s Federal assistance listing numbers.
Title: NOTE 4 - INDIRECT COSTS
Accounting Policies: See Form
De Minimis Rate Used: N
Rate Explanation: See Form
Fair Housing Advocates of Northern California elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance Part 200.414 Indirect (F&A) Costs.
The U.S. Department of Housing and Urban Development approved the use of the indirect cost rate of 23.48% with an expiration date of December 6, 2025. During the years ended June 30, 2024 and June 30, 2023, the approved indirect rate of 23.48% is charged to each applicable grant on a regular basis.