Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Healthcare for the Homeless – Houston (the “Organization”) 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance for federal awards.
The Organization has elected not to use the 15% minimis indirect cost rate allowed under the Uniform Guidance.
The Organization did not provide federal funds to subrecipients for the year ended December 31, 2024.
The Organization did not have any loans or loan guarantee programs required to be reported to the Schedule for the year ended December 31, 2024.
The following is a reconciliation of federal grant expense per the statement of activities to the federal grants per the Schedule for the year ended December 31, 2024:Federal and state grants and contracts per the statement of activities $ 4,767,767 Less: non-federal grants included in federal and state grants and contracts line item (547,602) Federal grants per the schedule of expenditures of federal awards $ 4,220,165
Amounts reported in the accompanying financial statements may not agree with the amounts reported in the related federal financial reports filed with grantor agencies because of different program year-ends and accruals that will be reflected in the next reports filed with the agencies.