Notes to SEFA
The Schedule of Expenditures of Federal and State Awards (the Schedule) is prepared on the accrual basis of accounting. The information in the 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). Some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the general purpose financial statements.
Expenditures reported on the Schedule are recognized following, as applicable, either the cost principles in 2 CFR Part 230, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. PWA Coalition of Dallas, Inc. dba ASD - A Home for Life has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.
At December 31, 2025, the outstanding balance of the capital project loan and the 511 project loan was $0 and $1,425,445, respectively. The Organization withdrew all loan proceeds to spend on the capital projects during 2022, therefore, there is no expenditure on the Schedule. See Note 5 in Notes to Consolidated Financial Statements.