Notes to SEFA
Title: Noncash assistance
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Dove, Inc. and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect cost recoveries are based on negotiated rates applied to the direct expenditures incurred in conjunction with the grant or contract, and represent recoveries of facilities and administrative costs incurred under grants and contracts agreements. An indirect cost rate of 24.10% was approved by HUD effective February 1, 2013.
The Organization did not receive any non-cash assistance through Federal awards during the year ended June 30, 2024. In addition, there was no federal insurance in effect during the year, nor any federal loans or loan guarantees outstanding at year end.