Notes to SEFA
Accounting Policies: The accompanying schedule of federal expenditures of federal awards presents the
activity of all federal award programs of Nashua Soup and Kitchen and Shelter, Inc. All
federal awards received from federal agencies as well as federal awards passed through
other governmental agencies are included in this schedule. The information in this
schedule is presented in accordance with requirements of Title 2 U.S. Code 0£ Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements £or Federal Awards (Uniform Guidance). Because the schedule presents only
a selected portion of the operations of Nashua Soup Kitchen and Shelter, Inc., it is
not intended to and does not present the financial position, changes in net assets, or
cash flows of Nashua Soup Kitchen and Shelter, Inc.
The accompanying schedule of federal expenditures of federal awards is prepared on the
accrual basis of accounting. Expenditures include only the federally funded portions
of the program and are recognized following the cost principles contained in the
Uniform Guidance, and include only the federally funded portions of the programs.
De Minimis Rate Used: N
Rate Explanation: No inderect cost rate were used by the Organization