Notes to SEFA
Title: Note D - Non-Cash Awards
Accounting Policies: Note A - Basis of Presentation:
The accompanying schedule of expenditures of federal awards includes the federal award activity of Alliance to End Homelessness in Suburban Cook County (the Alliance) 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 the Alliance, it is not intended to and does not represent the financial position, changes in net assets, or cash flows of the Alliance.
Note B - Summary of Significant 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Note C - Indirect Cost Rates:
The Alliance has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Alliance did not have any outstanding federal loans or loan guarantees or insurance at December 31, 2024 and did not receive any federal non-cash awards during the year ended December 31, 2024.