Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of Neighborhood Housing Services of Green Bay, Inc. dba: Neighborworks® Green
Bay and Affiliate. The information in the schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts
presented or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of Neighborhood Housing Services of Green Bay, Inc. dba: Neighborworks® Green Bay and Affiliate. The information in the schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts
presented or used in the preparation of the basic financial statements.
Title: Oversight Agencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of Neighborhood Housing Services of Green Bay, Inc. dba: Neighborworks® Green
Bay and Affiliate. The information in the schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts
presented or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The federal oversight agencies for the Organization are the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of Neighborhood Housing Services of Green Bay, Inc. dba: Neighborworks® Green
Bay and Affiliate. The information in the schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts
presented or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Subrecipient Payments
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of Neighborhood Housing Services of Green Bay, Inc. dba: Neighborworks® Green
Bay and Affiliate. The information in the schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts
presented or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No federal awards were passed through to sub recipients during the year ended December 31, 2024.