Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 1. Expenditures reported on this 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.
2. The Organization has elected the 10% de-minimis indirect cost rate.
3. There were no other audits performed under the Uniform Guidance for the year ended
June 30, 2024.
4. There were no subrecipients for this Organization during the year ended June 30, 2024
5. There were no non-cash awards received during the year ended June 30, 2024.
6. There were no federal loan or loan guarantees on June 30, 2024.
7. There was no federal insurance in effect in the year ended June 30, 2024.
8. Programs tested as major programs American Rescue Plan 21.019 (Community
Development Block Grant).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
This schedule includes the federal award activity of Rebuilding Together Metro
Chicago under programs of the Federal Government for the year ended June 30, 2024. The information in
this schedule is presented in accordance with Title 2 US 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 entity, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of the entity.