Notes to SEFA
The accompanying schedule of expenditures of Federal awards (Schedule) includes the Federal award activity of the Family Service Senior Housing Corporation 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Family Service Senior Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Family Service Senior Housing Corporation.
The accompanying schedule of expenditures of federal awards is presented using 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.
The Family Service Senior Housing Corporation has not elected to use the 10% de minimis indirect cost rate.