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 cost principles contained in Uniform Guidance, wherein certain types of expenditures are now allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Human Services Alliance of Greater Prince William has not elected to use the 10-percent de minimis cost rate as allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (“the Schedule") includes the federal award activity of the Human Services Alliance of Greater Prince William under programs
of the federal government for the year ended December 31, 2023. 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 Human Services Alliance of Greater Prince William, it is not intended to and does not present the financial position, changes in net assets or cash flows of 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 cost principles contained in Uniform Guidance, wherein certain types of expenditures are now allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Human Services Alliance of Greater Prince William has not elected to use the 10-percent de minimis cost rate as allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the cost principles contained in Uniform Guidance, wherein certain types of expenditures are now allowable or limited as to reimbursement.
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 cost principles contained in Uniform Guidance, wherein certain types of expenditures are now allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Human Services Alliance of Greater Prince William has not elected to use the 10-percent de minimis cost rate as allowed under Uniform Guidance.
The Human Services Alliance of Greater Prince William has not elected to use the 10-percent de minimis cost rate as allowed under Uniform Guidance.