Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Stafford United Methodist Housing Development Corporation, HUD Project No. 051-11388, 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, as applicable. Because the Schedule presents only a selected portion of the operations of Stafford United Methodist Housing Development Corporation, it is not intended to and does not present the financial position, change in net deficit, or cash flows of Stafford United Methodist Housing Development Corporation.
None of the expenditures reported on the Schedule were passed through to subrecipients.