Notes to SEFA
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) was prepared on the accrual basis of accounting. Grant awards are recorded as revenue when the criteria for earning the revenue is met, generally when the expenditure of grant funds is made. Grant expenditures are recorded when the liability is incurred. The non-federal share of expenditures is excluded from the Schedule. The information presented in the 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). This schedule only presents a selected portion of the operations of Hope House, Inc.
De Minimis Rate Used: N
Rate Explanation: Hope House Inc. did elect to use the 10% de minimis cost rate for the Major Program (93.788).
There were no federal awards expended in the form of non-cash assistance during the year ended December 31, 2024.
Title: Subreceipts
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) was prepared on the accrual basis of accounting. Grant awards are recorded as revenue when the criteria for earning the revenue is met, generally when the expenditure of grant funds is made. Grant expenditures are recorded when the liability is incurred. The non-federal share of expenditures is excluded from the Schedule. The information presented in the 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). This schedule only presents a selected portion of the operations of Hope House, Inc.
De Minimis Rate Used: N
Rate Explanation: Hope House Inc. did elect to use the 10% de minimis cost rate for the Major Program (93.788).
Hope House, Inc. provided no federal awards to subrecipients during the year ended December 31, 2024.