Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of DHIC, Inc. and Subsidiaries under programs of the federal government for the year ended December 31, 2024. 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 DHIC, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net position, or cash flows of DHIC, Inc. and Subsidiaries. The accompanying schedule of expenditures of federal awards does not include direct and indirect federal awards. funded directly to DHIC, Inc.’s consolidated for-profit subsidiaries.
The Schedule has been restated due to the identification of additional expenditures incurred in 2024 under Assistance Listing Number (ALN) 14.218, Community Development Block Grants (CDBG) Entitlement Grants Cluster. Changes from the previously issued Schedule include an increase in federal expenditures reported under ALN 14.218 from $367,857 to $800,000 with total federal awards expended increasing from $888,807 to $1,320,950. Subsequent to issuance of the original Schedule, the grantor revised the federal participation percentage of the program, resulting in additional expenditures being required to be reported as federal expenditures on the Schedule.