Notes to SEFA
Title: Note A- 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 and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expendtirues are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Pocatello Neighborhood Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Pocatello Neighborhood Housing Services, Inc., under programs of the federal government for the year ended December 31, 2024. 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 Pocatello Neighborhood Housing Services, Inc., it is not intended to and does not present the financial position, changes, in net assets or cash flows of Pocatello Neighborhood Housing Services, Inc.
Title: Note B- 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 and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expendtirues are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Pocatello Neighborhood Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the 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 Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expendtirues are not allowable or are limited as to reimbursement.
Title: Note C- 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 and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expendtirues are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Pocatello Neighborhood Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Pocatello Neighborhood Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.