Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grantactivity of Harrison Housing, Incorporated under programs of the federal government for the yearended December 31, 2022. The information in this Schedule is presented in accordance with therequirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of HarrisonHousing, Incorporated, it is not intended to and does not present the financial position or changes innet position of Harrison Housing, Incorporated.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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. Negativeamounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.The Harrison Housing, Incorporated has elected not to use the 10 percent de minimus indirect costrate to recover costs as allowed under the Uniform Guidance.The Harrison Housing, Incorporated does not have any subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.