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 the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Pass-through entity identifying numbers are presented where available.
For cost-reimbursement awards, revenues are recognized to the extent of expenditures.
Expenditures have been recognized to the extent the related obligation was incurred within
the applicable grant period and liquidated within 90 days after the end of the grant period.
De Minimis Rate Used: Y
Rate Explanation: The Organization does not have a federally approved negotiated indirect cost rate agreement and therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of Amos House and Affiliate (the Organization) under programs of the
federal government for the year ended September 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 (Uniform Guidance). Because the Schedule presents only
a selected portion of the operations of the Organization, it is not intended to and does not
present the consolidated financial position, activities and change in net assets or cash flows
for the Organization.
Title: Summary of Significant Accounting Policies
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 the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Pass-through entity identifying numbers are presented where available.
For cost-reimbursement awards, revenues are recognized to the extent of expenditures.
Expenditures have been recognized to the extent the related obligation was incurred within
the applicable grant period and liquidated within 90 days after the end of the grant period.
De Minimis Rate Used: Y
Rate Explanation: The Organization does not have a federally approved negotiated indirect cost rate agreement and therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform Guidance.
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.
Pass-through entity identifying numbers are presented where available.
For cost-reimbursement awards, revenues are recognized to the extent of expenditures.
Expenditures have been recognized to the extent the related obligation was incurred within
the applicable grant period and liquidated within 90 days after the end of the grant period.
Title: Indirect Cost Rate
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 the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Pass-through entity identifying numbers are presented where available.
For cost-reimbursement awards, revenues are recognized to the extent of expenditures.
Expenditures have been recognized to the extent the related obligation was incurred within
the applicable grant period and liquidated within 90 days after the end of the grant period.
De Minimis Rate Used: Y
Rate Explanation: The Organization does not have a federally approved negotiated indirect cost rate agreement and therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The Organization does not have a federally approved negotiated indirect cost rate agreement
and therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.