Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Plenty Doors Community Development Corporation (the Organization) and is presented on the accrual basis of accounting. 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 of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. The entity has elected to use the 10% de minimis indirect cost rate, as allowed under the Uniform Guidance. The de minimis indirect cost rate increased from 10% to 15% on October 1, 2024.
The threshold of Type A and Type B programs was $750,000 for the year ended December 31, 2024.
ALN Program Name 11.307 Economic Adjustment Assistance ARPA and BBBRC Crow Innovation Center 14.228 Community Development Block Grant Program