Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. However, the City of Roanoke does not use identifying numbers. Habitat for Humanity in the Roanoke Valley, Inc. has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Only direct costs are used.
The schedule of expenditures of federal awards (the “Schedule”) includes the federal grant expenditures
of Habitat for Humanity in the Roanoke Valley, Inc. 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 Habitat for Humanity in the
Roanoke Valley, Inc., it is not intended to and does not present the financial position, changes in net assets
or cash flows of Habitat for Humanity in the Roanoke Valley, Inc.
Title: 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 cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. However, the City of Roanoke does not use identifying numbers. Habitat for Humanity in the Roanoke Valley, Inc. has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Only direct costs are used.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following cost principles contained in the Uniform Guidance, where certain types of
expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available. However, the City of Roanoke
does not use identifying numbers.
Habitat for Humanity in the Roanoke Valley, Inc. has elected to not use the 10% de minimis indirect cost
rate as allowed under the Uniform Guidance.
Title: Assistance Listing Numbers
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. However, the City of Roanoke does not use identifying numbers. Habitat for Humanity in the Roanoke Valley, Inc. has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Only direct costs are used.
The assistance listing numbers included in this report were determined based on the program name, review
of grant contract information, and the Office of Management and Budget’s Assistance Listing numbers.
Title: Unexpended Federal Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. However, the City of Roanoke does not use identifying numbers. Habitat for Humanity in the Roanoke Valley, Inc. has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Only direct costs are used.
Habitat for Humanity in the Roanoke Valley, Inc. had unexpended federal awards of $2,798,502 at June
30, 2023 which were approved for carry over into the current fiscal year. Grant awards on houses in
progress during the current fiscal year totaled $576,676. Unpent grant awards on completed houses during
the fiscal year totaled $24,000. Habitat for Humanity in the Roanoke Valley, Inc. had unexpended awards
of $1,935,879 at June 30, 2024 which are approved for carryover into the next fiscal year.