Notes to SEFA
North Side Housing and Supportive Services, Inc., is a not-for-profit corporation organized in the State of Illinois. Programs subject to Single Audit: A schedule of expenditures of federal awards is presented for each federal program related to the following agencies: Community Development Block Grant (CDBG) $449,844 Fiscal period audited: Single Audit testing procedures were performed for program transactions which occurred during the year ended June 30, 2024.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of North Side Housing and Supportive Services, Inc., and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements. The schedule presents only a selected portion of the operations of North Side Housing and Supportive Services, Inc., and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of North Side Housing and Supportive Services, Inc. North Side Housing and Supportive Services, Inc., has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
There were no findings and noncompliance identified in connection with the 2024 Single Audit.
There were no noncash awards in connection with the 2024 Single Audit.
There were no sub-recipient expenditures in connection with the 2024 Single Audit.
There was no federal insurance in effect in connection with the 2024 Single Audit.
There were no loans or loan guarantees in connection with the 2024 Single Audit.