Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Panhandle Community Services and presents expenditures on the accrual basis of accounting, except for subsidy programs, which follows REAC PHA - Financial Accounting Brief, which defines a Federal expenditure expended for single audit purposes as when meeting eligibility requirements. The information in this schedule is presented in accordance with the Uniform Guidance.
Panhandle Community Services did not elect to use the de minimis rate, the Organization does have a negotiated indirect cost rate agreement (NICRA).
Panhandle Community Services did not provide any federal funds to subrecipients during the year ended December 31, 2024.