Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards 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.
De Minimis Rate Used: N
Rate Explanation: S.A.F.E. House, Inc. has not elected to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes federal award activity
of S.A.F.E. House, Inc. under programs of the federal government for the year ended June 30,
2024. The information in the 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 and Title 45 U.S. Code of
Federal Regulations Part 75, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for HHS Awards (Uniform Guidance). Because this schedule only
presents a select portion of the operations of the Organization, it is not intended to and does
not present the financial position, changes in net assets, functional expenses, or cash flows of
S.A.F.E. House, Inc.