Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Alliance for Housing Oakland County Continuum of Care under programs of the federal government for the year ended September 30, 2025. 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). Because the Schedule presents only a selected portion of the operations of Alliance for Housing Oakland County Continuum of Care, it is not intended to and does not present the financial position, changes in net assets or cash flows of Alliance for Housing Oakland County Continuum of Care.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. Alliance for Housing Oakland County Continuum of Care has elected not to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The following summary reconciles total federal awards with the audited financial statements for the year ended September 30, 2025: Total federal expenses per the schedule of expenditures of federal awards $ 1,831,878 Add non-federal grants included in the audited financial statements 282,967 Total grant revenue per the audited financial statements $ 2,114,845