Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: The SafeHouse has not elected to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of Federal awards (Schedule) includes the Federal award
activity of the Operation SafeHouse, Inc. (SafeHouse) 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 Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the
Schedule presents only a selected portion of the operations of the SafeHouse, it is not intended to and does
not present the financial position, changes in net assets, or cash flows of the SafeHouse.
Title: BASIS OF ACCOUNTING
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: The SafeHouse has not elected to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards is presented using 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.
Title: INDIRECT COST RATE
Accounting Policies: Accrual basis
De Minimis Rate Used: N
Rate Explanation: The SafeHouse has not elected to use the 10% de minimis indirect cost rate.
The SafeHouse has not elected to use the 10% de minimis indirect cost rate.