Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Faith-Hope-Love-Charity, Inc. under programs of the federal government for the year ended September 30, 2024. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profits Organizations. Because the Schedule presents only a selected portion of the operation of Faith-Hope-Love-Charity, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Faith-Hope-Love-Charity, Inc.
1)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursements. 2) Pass-through entity identifying numbers are presented where available.