Title: Note 1 - Basis of presentation
Accounting Policies: a.
The Schedule is prepared from Pro Viviendas III, Inc. ’s accounting records and is not intended to present its financial position or the results of its operations.
b.
The financial transactions are recorded by Pro Viviendas III, Inc. in accordance with the terms and conditions of the grants, which are consistent with accounting principles generally accepted in the United States of America.
c.
Expenditures are recognized in the accounting period in which the liability is incurred, if measurable or when actually paid, whichever occurs first.
d.
Expenditures are reported on the Schedule following the cost principles contained in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (45 CFR Part 75), wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
e.
Pro Viviendas III, Inc. has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Pro Viviendas III, Inc. has elected not to use the ten 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 Pro Viviendas III, Inc. under program of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) 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 Pro Viviendas III, Inc., it is not intended to, and does not, present the financial position result of operations, changes in net assets or cash flows of Pro Viviendas III, Inc.
Title: Note 3 - Assistance Listing Number (ALN)
Accounting Policies: a.
The Schedule is prepared from Pro Viviendas III, Inc. ’s accounting records and is not intended to present its financial position or the results of its operations.
b.
The financial transactions are recorded by Pro Viviendas III, Inc. in accordance with the terms and conditions of the grants, which are consistent with accounting principles generally accepted in the United States of America.
c.
Expenditures are recognized in the accounting period in which the liability is incurred, if measurable or when actually paid, whichever occurs first.
d.
Expenditures are reported on the Schedule following the cost principles contained in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (45 CFR Part 75), wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
e.
Pro Viviendas III, Inc. has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Pro Viviendas III, Inc. has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Assistance Listing Numbers (ALN) included in the Schedule are determined based on the program name, review of grant contract information and the public descriptions of federal assistance listings published by the U.S. Government in sam.gov.
Title: Note 4 - Major federal programs
Accounting Policies: a.
The Schedule is prepared from Pro Viviendas III, Inc. ’s accounting records and is not intended to present its financial position or the results of its operations.
b.
The financial transactions are recorded by Pro Viviendas III, Inc. in accordance with the terms and conditions of the grants, which are consistent with accounting principles generally accepted in the United States of America.
c.
Expenditures are recognized in the accounting period in which the liability is incurred, if measurable or when actually paid, whichever occurs first.
d.
Expenditures are reported on the Schedule following the cost principles contained in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (45 CFR Part 75), wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
e.
Pro Viviendas III, Inc. has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Pro Viviendas III, Inc. has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The major federal program is identified in the Summary of Auditors’ Result Section in the Schedule of Findings and Questioned Cost. The federal programs are presented by federal agency.