Notes to SEFA
The purpose of the accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) is to present, in summary form, total federal award and state financial assistance expenditures of The Lord’s Place, Inc. and Affiliate (the Agency) for the year ended June 30, 2025, which have been financed under the various federal award programs and state financial assistance projects. The Schedule 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. Therefore, certain amounts presented in this Schedule may differ from amounts presented in the basic consolidated financial statements.
The Lord’s Place, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance unless it is contractually required to use the 10 percent de minimis indirect cost rate, in which case it applied the 10 percent de minimis cost rate.
The Lord’s Place, Inc. had the following forgivable loan balances with continuing compliance requirements outstanding at June 30, 2025: Bill’s Place – Community Development Block Grant Coronavirus 14.218 $ 1,630,785 Total Department of Housing and Urban Development $ 1,630,785
There were no payments to subrecipients for the year ended June 30, 2025.