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: HFHSTW uses indirect cost rates negotiated and approved by the grant awarding agencies, and
has elected not to use the 10% de minimis indirect cost rate as provided for in Section 200.414
of the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of Habitat for Humanity St. Tammany West and Subsidiary (HFHSTW)
(NNPHI) under programs of the federal government for the year ended June 30, 2024. The
information in the 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 HFHSTW, it is not intended to and does not present the
financial position, changes in net assets, or cash flow of HFHSTW.
Title: Summary of Significant Accounting Policies
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: HFHSTW uses indirect cost rates negotiated and approved by the grant awarding agencies, and
has elected not to use the 10% de minimis indirect cost rate as provided for in Section 200.414
of 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.
Title: Indirect Cost Rate
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: HFHSTW uses indirect cost rates negotiated and approved by the grant awarding agencies, and
has elected not to use the 10% de minimis indirect cost rate as provided for in Section 200.414
of the Uniform Guidance.
HFHSTW uses indirect cost rates negotiated and approved by the grant awarding agencies, and
has elected not to use the 10% de minimis indirect cost rate as provided for in Section 200.414
of the Uniform Guidance.
Title: Passed Through to 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: HFHSTW uses indirect cost rates negotiated and approved by the grant awarding agencies, and
has elected not to use the 10% de minimis indirect cost rate as provided for in Section 200.414
of the Uniform Guidance.
There were no federal grant amounts passed through to subrecipients during the year ended
June 30, 2024.