Notes to SEFA
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (SEFA) INCLUDES THE FEDERAL AWARD ACTIVITY OF SHELTER OF FLINT UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR DECEMBER 31, 2024. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 US 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 SHELTER OF FLINT, INC, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS OR CASH FLOWS OF SHELTER OF FLINT.
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 A LIMITED S TO REIMBURSEMENT.
SHELTER OF FLINT HAS NOT ELECTED TO USE THE 10% DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE. UNLESS OTHERWISE INDICATED IN AGREEMENTS WITH ITS GRANTORS.
PUBLIC SUPPORT AND GRANTS PER STATEMENTS OF ACTIVITIES $2,157,753, LESS: NON FEDERAL AMOUNTS INCLUDED (433,355), FEDERAL EXPENDITURES PER SEFA $1,724,398