The accompanying schedule of expenditures of federal awards includes the federal award activity of HOPE of East Central Illinois, NFP under programs of the federal government for the year ended June 30, 2025. The information 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).
Expenditures reported on the accompanying schedule of expenditures of federal awards 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.
HOPE had the following insurance policies in force at June 30, 2025 for the period November 5, 2024 – November 5, 2025 Secura Insurance: General Liability General Liability General aggregate limit $ 3,000,000 Products – completed operations aggregate limit $ 3,000,000 Personal and advertising injury liability limit $ 1,000,000 Each occurrence limit $ 1,000,000 Damage to premises rented to you limit $ 100,000 Medical expense limit, any one person $ 10,000 Commercial Property Building coverage limit $ 3,282,693 Business personal property $ 1,370,000 Deductible per occurrence $ 1,000 Automobile Liability $ 1,000,000 Auto medical payments $ 5,000 Uninsured motorists $ 1,000,000 Underinsured motorists $ 1,000,000 Deductible – Comprehensive $ 500 Deductible – Collision $ 1,000 Commercial Umbrella Liability Each occurrence limit $ 5,000,000 Personal and advertising injury limit $ 5,000,000 Aggregate limit $ 5,000,000 Crime and Fidelity Coverage Employee theft-blanket $ 15,000 Deductible $ 500 Directors and Officers Liability Aggregate limit $ 1,000,000 Each occurrence limit $ 1,000,000 Deductible $ 1,000 Cyber Security Coverage First party annual aggregate limit $ 50,000 Third party annual aggregate limit $ 50,000 Deductible $ 1,000 Workers Compensation Bodily injury by accident (each accident) $ 500,000 Bodily injury by disease (each employee) $ 500,000 Bodily injury by disease (policy limit) $ 500,000
No amount was provided to subrecipients by HOPE.