Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Home of the Sparrow, Inc. under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the schedule may offer from amounts presented in, and used in the preparation of, the basic financial statements.
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 allowed, or are limited as to reimbursement.
Home of the Sparrow, Inc. has elected not to use a 10 percent de minimis indirect rate as allowed under the Uniform Guidance
Home of the Sparrow, Inc. did not provide federal awards to subrecipients during the year ended June 30, 2025.
Home of the Sparrow, Inc. holds $955,779 in forgivable mortgage loans at a 0% interest rate on the property from the County.
Home of the Sparrow, Inc. was not a recipient of federally donated PPE.