Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: The Schedule has been prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Good Shepherd does not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Good Shepherd Services (“Good Shepherd”) 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 (the “Uniform
Guidance”). Because the Schedule presents only a selected portion of the operations of Good Shepherd, it is not
intended to and does not present the financial position, changes in net assets or cash flows of Good Shepherd.