Notes to SEFA
The accompanying Schedules of Expenditures of Federal Awards, State and Other State Financial Assistance, and Local Financial Assistance (the “Schedules”) include the award activity of Broward Partnership for the Homeless, Inc. (“BPHI”) under programs of federal, state, and local government agencies for the year ended September 30, 2025. 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). The State Financial Assistance Schedule is presented in accordance with Chapter 10.650, Rules of the Florida Auditor General. Local financial assistance is presented based on the terms and conditions of the respective local agreements. Because the Schedules present only a selected portion of operations, they do not purport to present the financial position, changes in net assets, or cash flows of BPHI.
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 and Chapter 10.650, Rules of the Florida Auditor General, for state and federal awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement, as applicable. Local expenditures are recognized in accordance with the terms and conditions of the respective agreements, which may differ from state or federal requirements.
BPHI did not elect to use the de minimis indirect cost rate as allowed under the Uniform Guidance.