Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Reimbursement rates used are determined by grant agreements and are normally less than 10%.
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal grant activity of Coalition for the Homeless of Houston/Harris County (the “Coalition”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Therefore, some amounts presented in the schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Reimbursement rates used are determined by grant agreements and are normally less than 10%.
Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
Title: Relationship to Financial Reports Submitted to Grantor Agencies
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Reimbursement rates used are determined by grant agreements and are normally less than 10%.
Amounts reflected in the financial reports filed with grantor agencies for the programs and the supplementary schedules may not agree because of accruals included in the next report filed with the agencies, matching requirements not included in the SEFA and different program year ends.
Title: Federal Insurance and Loan Programs
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Reimbursement rates used are determined by grant agreements and are normally less than 10%.
The Coalition had no federal insurance programs in effect and no loan or loan guarantee programs outstanding during the year ended June 30, 2024.
Title: Commitment and Contingencies
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Reimbursement rates used are determined by grant agreements and are normally less than 10%.
Federal grants received by the Coalition are subject to review and audit by grantor agencies. The Coalition’s management believes that the results of such audits will not have a material effect on the Schedule.
Title: Subsequent Events
Accounting Policies: Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles as found in the Uniform Guidance for federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Coalition has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Reimbursement rates used are determined by grant agreements and are normally less than 10%.
The Coalition evaluated subsequent events through March 18, 2025, which is the date that the financial statements were available to be issued and has determined that there are no subsequent events to be reported.