Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% (now 15%) de minimis indirect cost rate, as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: NOTE B – TYPE A PROGRAM THRESHOLD
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% (now 15%) de minimis indirect cost rate, as allowed under the Uniform Guidance.
The threshold of Type A and Type B programs was $750,000 for the year ended December 31, 2024.
Title: NOTE C – MAJOR PROGRAM
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% (now 15%) de minimis indirect cost rate, as allowed under the Uniform Guidance.
ALN
Number Program Name
21.027 Coronavirus State and Local Fiscal Recovery Funds
Title: NOTE D – SELF-HELP HOMEOWNERSHIP OPPORTUNITY PROGRAM
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% (now 15%) de minimis indirect cost rate, as allowed under the Uniform Guidance.
The United States Department of Housing and Urban Development’s (HUD) Self-Help Homeownership Opportunity Program (SHOP) grants and loans were passed through to the Organization by Habitat for Humanity International, Inc. (Habitat International). The SHOP
Agreement stipulates that 75% of each sub-grant from Habitat International to the affiliate is in the form of a grant and 25% is in the form of a loan. The awards provided under ALN 14.247 for SHOP were as follows for the year ended December 31, 2024:
Pass-Through Grantor Identifying Number Expenditures
Habitat International SHOP 2015 (221001)- Existing Loans $ 2,904*
Habitat International SHOP 2015 (222007)- Existing Loans 3,317*
Habitat International SHOP 2016 (231040)- Existing Loans 16,570*
Habitat International SHOP 2016 (232017)- Existing Loans 26,770*
Habitat International SHOP 2017 (241032)- Existing Loans 42,198*
Habitat International SHOP 2018 (251026)- Existing Loans 10,058*
Habitat International SHOP 2018 (252011)- Existing Loans 16,763*
Habitat International SHOP 2019 (261015)- Existing Loans 27,500*
Habitat International SHOP 2019 (262004)- Existing Loans 6,875*
$ 152,955
*Represents the balance of a loan from a previous year that the federal government imposes the continuing compliance requirements totaling $152,955.
Title: NOTE E – LOAN BALANCES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The entity has elected to use the 10% (now 15%) de minimis indirect cost rate, as allowed under the Uniform Guidance.
ALN
Number Identifying Number
Balance at
January 1,
2024
New
Loans Payments
Balance at December 31, 2024
14.247 SHOP 2015 - Loans $ 2,904 $ - $ (2,904) $ -
14.247 SHOP 2015 - Loans 3,317 - (3,317) -
14.247 SHOP 2016 - Loans 16,570 - (16,560) -
14.247 SHOP 2016 - Loans 26,770 - (10,691) 16,079
14.247 SHOP 2017 - Loans 42,198 - (14,052) 28,146
14.247 SHOP 2018 - Loans 10,058 - (2,508) 7,550
14.247 SHOP 2018 - Loans 16,763 - (4,188) 12,575
14.247 SHOP 2019 - Loans 27,500 - (3,432) 24,068
14.247 SHOP 2019 - Loans 6,875 - (859) 6,016
$ 152,955 $ - $ (58,522) $ 94,434