Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Broward House, Inc. (the Organization) under programs of the federal government for the year ended December 31, 2025, 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 (CFR) 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 Broward House, Inc., it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Broward House, Inc.
The Organization and federal agencies use an indirect cost rate to charge indirect costs to individual sponsored projects. Expenditures reported on 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. Expenditures consist of direct and indirect costs. Direct costs are those that can be readily identified with an individual federally sponsored project.
Broward House, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance unless it is contractually required to use the 10 percent de minimis indirect cost rate, in which it applied the 10 percent de minimis cost rate.
The Organization did not expend federal awards related to loans or loan guarantees during the year.
The Organization has no federally funded insurance.
There were no payments to subrecipients for the year ended December 31, 2025.
The Organization did not receive any federal noncash assistance for the year ended December 31, 2025.