Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Foundation for the Homeless, Inc. (the Foundation) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Subpart F Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, and Cost Principles, therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
The Foundation has not elected to use the 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance.