Notes to SEFA
Title: Note A: Basis of Presentation
Accounting Policies: See Tab 2
De Minimis Rate Used: N
Rate Explanation: Habitat for Humanity has elected to not use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant
activity of Habitat for Humanity of San Antonio, Inc. (Habitat for Humanity) 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 Habitat for Humanity, it is not
intended, and does not, present the financial position, changes in net assets or cash flows of Habitat for
Humanity. Therefore, some amounts presented in the Schedule may differ from amounts presented in the
consolidated financial statements.
All of Habitat for Humanity’s federal awards were in the form of cash assistance for the year ended December
31, 2024.
Title: Note B: Summary of Significant Accounting Policies
Accounting Policies: See Tab 2
De Minimis Rate Used: N
Rate Explanation: Habitat for Humanity has elected to not use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
(1) Expenditures reported on the Schedule are reported on the basis of accounting using accounting
principles generally accepted in the United States of America (GAAP). Such expenditures are
recognized following the cost principles contained in 2 CFR Part 230, Costs Principles for Non-Profit
Organizations, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
(2) Habitat for Humanity has elected to not use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
Title: Note C: Reconciliation to Consolidated Statement of Activities in Consolidated Financial
Statements
Accounting Policies: See Tab 2
De Minimis Rate Used: N
Rate Explanation: Habitat for Humanity has elected to not use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
Total Expenditures of Federal Awards $ 3,439,768
Local Government Grants 2,545,577
Total Government Grants per the Statement of Activities $ 5,985,345