Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards summarizes the expenditures of Appalachain Regional Coalition on Homelessness (the Agency) under programs of the federal government for the year ended June 30, 2024. The amounts reported as federal expenditures were obtained from the Agency's general ledger. Because the Schedule presents only a selected portion of the operations of Appalachian Regional Coalition on Homelessness, it is not intended to and does not present the financial position, changes in net assets and cash flows of Appalachian Regional Coalition on Homelessness. For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between the Agency and departments of the federal government. The information in the Schedule of Expenditures of Federal Awards is presented in accordance with the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Audit Requirements, Cost Priniciples, and Audit Requirments for Federal Awards (Uniform Guidance). The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures reported on the Schedule of Expenditures of Federal Awards are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Expenditures reported include any property or equipment acquisitions incurred under the Federal Program.