Notes to SEFA
activity of Conard House, Inc. and Related Organizati programs of the federal government for the year ended June 30, 2025 The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
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.
The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The following table outstanding loan balances identified by Federal Assistance Listing Number. All loans are provided by HUD and are summarized below: Community Development Block Grants/Entitlement Grants: $5,876,424 and HOME Investment Partnerships Program: $593,217