Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal financial assistance programs of Homeless Prenatal Program, Inc. under programs of the federal government for the year ended June 30, 2025. 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). Because the Schedule presents only a selected portion of the operations of Homeless Prenatal Program, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Homeless Prenatal Program, Inc.
The accompanying schedule of expenditures of federal awards of Homeless Prenatal Program, Inc. is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance.
Homeless Prenatal Program, Inc. has received federal grants for specific purposes that are subject to review and audit by the Federal Government. Although such audits could result in expenditure disallowance under the grant terms, any required reimbursements are not expected to be material which have not already been recorded.
Homeless Prenatal Program, Inc. has elected to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.