Notes to SEFA
Title: NOTE A. 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.
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal awards
activity of Kristi House, Inc. (the "Organization") 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 the 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 the Organization, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of the Organization.
Title: NOTE B. SUMMARY OF ACCOUNTING PRINCIPLES
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.
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
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.
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: NOTE C. RECONCILIATION OF THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE STATEMENT OF ACTIVITIES
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.
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The following schedule is a reconciliation of total expenditures as shown on the Schedule to the revenue shown
in the accompanying financial statement of activities for the year ended June 30, 2024:
Total federal awards $ 2,644,339
Total expenditures per Schedule 2,644,339
Add: total grants not required to be reported in the Schedule
State awards 356,155
Local government grants 579,817
Total grant revenue per statement of activities $ 3,580,311