Notes to SEFA
BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Presbyterian Night Shelter of Tarrant County (the "Agency") under programs of the federal government for the year ended December 31, 2025. 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 the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable.
INDIRECT COST RATE The Agency has not elected to use the 15% de minimus indirect cost rate, and continues to use the rates negotiated individually with its grantors.
LOANS AND GRANTS WITH CONTINUING COMPLIANCE REQUIREMENTS The Agency received the following funding through forgivable loans. Loan documents require compliance with program regulations until the end of the period of performance. U.S. Department of Housing and Urban Development Pass-through programs from: Tarrant County HOME Investment Partnerships American Rescue Plan Program Funds ALN#: 14.239Loan #: 60566 Outstanding Loan Balance: $ 5,428,000 City of Fort Worth HOME Investment Partnerships Program ALN#: 14.239 Loan Number: 53776-LA1 Outstanding Loan Balance: $500,000 Community Development Block Grants Kitchen Renovation ALN#: 14.218 Loan Number: 55617 Outstanding Loan balance: $ 370,100 U.S Department of Treasury Coronavirus State and Local Fiscal Recovery Funds ALN#: 21.027 Loan Number: 60566 Outstanding Loan Balance: $421,999 Total Outstanding Loan Balance: $ 6,720,099