Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Foundation for Affordable Rental Housing Holdings Inc. and Affiliates and is presented on the accrual basis of accounting. The information in 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). Because the Schedule presents only a selected portion of the operations of Foundation for Affordable Rental Housing Holdings Inc. and Affiliates, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Foundation for Affordable Rental Housing Holdings Inc. and Affiliates