Notes to SEFA
Accounting Policies: a. General
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards of Rebuilding Together New Orleans, Inc. (RTNO). RTNO’s reporting entity is defined in Note 1 to the financial statements for the year ended December 31, 2024. All federal awards received directly from federal agencies are included on the schedule, as well as federal awards passed-through other government agencies.
b. Basis of Accounting
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to RTNO’s financial statements for the year ended December 31, 2024. RTNO has elected not to use the 10% de minimus indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: RTNO has elected not to use the 10% de minimus indirect cost rate as allowed under Uniform Guidance.