Notes to SEFA
Notes to Schedule of expenditures of Federal and State Awards June 30,2025
The accompanying schedule if expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of NHA under programs of the federal and state governments for the year ended June 30, 2025. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"), and with the requirements of the California Department of Education and California Department of Social Services Audit Guide. Because the Schedule presents only a selected portion of the operationsof NHA, it is not intended to, and does not present, the financial position, changes in net assets or cash flows of NHA.
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.
In Accordance with the audit disclosure requirements of the State of California, Department of Education, the audit contract for NHA for the fiscal year ended June 30, 2025 included and audit fee of approximately $163,000.
NHA has been assigned and indiredt cost rate of 10.0% for the Head Start program and 10.8% for Non - Head Start programs by its cognizat agency. Delegate agencies have been assigned an indirect cost rate of 2.0% by NHA's cognizant agency.
In accordance with matching requirements for the Head Start program, the value of noncash assistance (in-kind donations) was $23,632,832 for fiscal year ended June 30, 2025