Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in OMB Circular A-122, "Cost Principles for Non-Profit
Organizations" or 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: Lawrenceville Handicapped Housing, Inc. has not elected to use the 10% de minimus indirect cost rate allowed
under Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lawrenceville
Handicapped Housing, Inc. under programs of the federal government as of and 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the
Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of
Lawrenceville Handicapped Housing, Inc.
Title: Supportive Housing for Persons with Disabilities (Section 811)
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in OMB Circular A-122, "Cost Principles for Non-Profit
Organizations" or 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: Lawrenceville Handicapped Housing, Inc. has not elected to use the 10% de minimus indirect cost rate allowed
under Uniform Guidance.
Lawrenceville Handicapped Housing, Inc.'s Supportive Housing for Persons with Disabilities (Section 811) was
determined to be a Type A Federal Financial Assistance Program based on the total amounts as of and for the year
ended June 30, 2024 and was considered a major program under the criteria of Uniform Guidance.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in OMB Circular A-122, "Cost Principles for Non-Profit
Organizations" or 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: Lawrenceville Handicapped Housing, Inc. has not elected to use the 10% de minimus indirect cost rate allowed
under Uniform Guidance.
There were no awards passed through to subrecipients during the year ended June 30, 2024.