Notes to SEFA
The Consolidated Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activities of Homeboy Industries and has been reported on the accrual basis of accounting. The information on this Schedule 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). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the presentation of the basic consolidated financial statements.
Homeboy Industries has not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Homeboy Industries has not provided any Federal awards to subrecipients from the federal expenditures presented in the Schedule.