Notes to SEFA
The accompanying schedules of expenditures of federal awards, other state funding and local financial assistance include the grant activity of The House of Hope, Inc. (the Organization) under programs of the state and local government for the year ended 2025. The information in the schedule of expenditures of federal awards 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 (Uniform Guidance). Therefore, some amounts presented in the schedule of expenditures of federal awards may differ from amounts presented in or used in the preparation of the financial statements. Because the schedules present only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Organization.
Expenditures reported on the schedules 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, as applicable.
The Organization did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.