Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Freedom House Detroit, and is presented on the same basis of accounting as the basic financial statements. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of Freedom House Detroit, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Freedom House Detroit
Expenditures reported on the Schedule are reported on the same basis of accounting as the basic financial statements. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Nonprofit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, whereas certain types of expenditures are not allowable or are limited as to reimbursement.
The following provides a reconciliation of the grants revenue reported on the statement of activities to the expenditures of federal awards: Grants- Statement of Activities $ 2,715,897 Less: Non-federal grants (1,458,124) Total expenditures of federal awards $ 1,257,773