Notes to SEFA
Accounting Policies: Note A - Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activityof The Moravian House IV, Inc. Project No. 034-HD080-CMI/PA26-Q041-003 (the Project) andis presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Because the Schedule presents only a selected portion of the operations of the Project,it is not intended to and does not present the financial position, changes in net assets, or cashflows of the Project.Note B Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized using the principles contained in Title 2 U.S. Code of FederalRegulations (CFR) Part 200, Cost Principles wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Note C - Indirect Cost RateMoravian House IV, Inc. has not elected to use the 10% de minimis indirect cost rate as allowedunder Uniform Guidance.