Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of The Covering House and has been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in this schedule is also 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of The Covering House, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Covering House. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Pass-through entity identifying numbers are presented where available.
None of the federal expenditures presented in the schedule were provided to sub-recipients.
The objectives of the Coronavirus State and Local Recovery – American Rescue Plan Act funds is to provide direct payments to local governments to respond to the public health emergency, respond to workers performing essential work during the public health emergency, provide government services, and make necessary investments in water, sewer, or broadband infrastructure.
The Organization received no federal noncash assistance during the year.
The federal programs presented in the previous schedule did not have separate program-specific insurance policies.
The federal programs presented in the previous schedule did not have any loans, loan guarantees, or interest subsidies associated with them.
The Organization has not elected to use the 15% de minimis indirect cost rate allocation.
The Organization did not receive any donated personal protective equipment during the year ended December 31, 2025.