Notes to SEFA
Title: NOTE 1: GENERAL
Accounting Policies: NOTE 2: BASIS OF ACCOUNTING - The accompanying schedule of expenditures of federal awards of Casa de Esperanza is presented on the accrual basis of accounting. 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COSTS - Casa de Esperanza has elected not to use the 10% de minimis indirect cost rate as allows under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Casa de Esperanza under programs of the Federal Government for the year ended June 30, 2024. Because the schedule presents only a selected portion of the operations of Casa de Esperanza, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Casa de Esperanza.
Title: NOTE 3: CLAIMS
Accounting Policies: NOTE 2: BASIS OF ACCOUNTING - The accompanying schedule of expenditures of federal awards of Casa de Esperanza is presented on the accrual basis of accounting. 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: NOTE 4: INDIRECT COSTS - Casa de Esperanza has elected not to use the 10% de minimis indirect cost rate as allows under the Uniform Guidance.
Casa de Esperanza has received federal grants for specific purpuses that are subject to review and audit by the Federal Government. Although such audits could result in expenditure disallowance under grant terms, any required reimbursements are not expected to be material which have not already been recorded.