Notes to SEFA
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of ShelterCare 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 Title
2 U.S. Code of Federal Regulations (CFR) 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 consolidated financial statements. The Schedule is not intended to and does not
present the financial position, changes in net assets, or cash flows of ShelterCare.
2. Summary of Significant 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.
ShelterCare has elected to use the ten percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
ShelterCare does not have any subrecipients.
De Minimis Rate Used: Y
Rate Explanation: ShelterCare has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.