Notes to SEFA
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the Organization under programs of the federal and state governments 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a select portion of operations of the Organization, it is not intended to, and does not, present the financial position, change in net position, or cash flows of the Organization.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Golden House, Inc. did not use the 10% de minimis cost rate.
Of the federal expenditures presented in the schedule, Golden House, Inc. provided no federal awards to subrecipients.
The Organization’s state oversight agency is the United States Department of Justice.