Notes to SEFA
Accounting Policies: GNU has been awarded federal grants administrated by state and local governments as follows:GNU receives pass through grant from the government of the State of California, California GovernorsOffice of Emergency Services (Cal OES), for direct and indirect program costs. This funding is subject tocontractual restrictions, which must be met through incurring qualifying expenses for particular programs.Revenue from grants and contracts is recognized only when funds are utilized by GNU to carry out theactivity stipulated in the grant or contract agreement. Grants and contracts receivable represent amountsdue from funding organizations for reimbursable expenses incurred. Cash received under grants andcontracts in advance of incurring the related expenses is reported as deferred revenue. During the yearsended December 31, 2022 and 2021, GNU was granted $309,001 and $308,999 under agreements with,Cal OES, respectively.In September 2018, GNU made an agreement with the Los Angeles Homeless Services Authority, a jointpowers authority of the City and County of Los Angeles (LAHSA). GNU receives pass through grantunder the agreement for direct and indirect program costs. During the years ended December 31, 2022 and 2021, GNU was granted $619,522 and $400,812 under the agreement with, LAHSA, respectively.GNU receives funding under grants from Federal Emergency Management Agency (FEMA), for direct andindirect program costs. During the years ended December 31, 2022 and 2021, GNU was granted$52,500 and $193,500, respectively.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.