Title: Note A: 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, and OMB
Circular A122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Grant periods for some of the grants included in this schedule are different from the accounting year of
Project Open Hand. Expenditures reported on this schedule only include expenditures for the year ended
June 30, 2024, which is Project Open Hand’s accounting year.
De Minimis Rate Used: N
Rate Explanation: POH bills actual indirect costs up to but not exceeding the total budgeted costs within the grant agreements.
The accompanying schedule of expenditures of federal awards and state and local awards (the
"Schedule") includes the federal award activity of Project Open Hand 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"). Because the Schedule presents only a selected portion of the operations of Project Open
Hand, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of Project Open Hand.
Title: Note B: 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, and OMB
Circular A122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Grant periods for some of the grants included in this schedule are different from the accounting year of
Project Open Hand. Expenditures reported on this schedule only include expenditures for the year ended
June 30, 2024, which is Project Open Hand’s accounting year.
De Minimis Rate Used: N
Rate Explanation: POH bills actual indirect costs up to but not exceeding the total budgeted costs within the grant agreements.
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, and OMB
Circular A122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Grant periods for some of the grants included in this schedule are different from the accounting year of
Project Open Hand. Expenditures reported on this schedule only include expenditures for the year ended
June 30, 2024, which is Project Open Hand’s accounting year.
Title: Note C: 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, and OMB
Circular A122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Grant periods for some of the grants included in this schedule are different from the accounting year of
Project Open Hand. Expenditures reported on this schedule only include expenditures for the year ended
June 30, 2024, which is Project Open Hand’s accounting year.
De Minimis Rate Used: N
Rate Explanation: POH bills actual indirect costs up to but not exceeding the total budgeted costs within the grant agreements.
Project Open Hand has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: Note D: 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, and OMB
Circular A122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Grant periods for some of the grants included in this schedule are different from the accounting year of
Project Open Hand. Expenditures reported on this schedule only include expenditures for the year ended
June 30, 2024, which is Project Open Hand’s accounting year.
De Minimis Rate Used: N
Rate Explanation: POH bills actual indirect costs up to but not exceeding the total budgeted costs within the grant agreements.
There were no awards passed through to subrecipients during the year ended June 30, 2024.