Notes to SEFA
Title: Pass-through to Sub-recipients
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of The David & Margaret Home, Inc. (David & Margaret), under the programs of the federalgovernment for the six-months ended June 30, 2022. The Schedule is presented in accordance withrequirements 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 selectedportion of the operations of David & Margaret, it is not intended to and does not present the financialposition, changes in net assets, or cash flows of David & Margaret.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certaintypes of expenditures are not allowed or are limited as to reimbursement. David & Margaret has elected not touse the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
David & Margaret did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of The David & Margaret Home, Inc. (David & Margaret), under the programs of the federalgovernment for the six-months ended June 30, 2022. The Schedule is presented in accordance withrequirements 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 selectedportion of the operations of David & Margaret, it is not intended to and does not present the financialposition, changes in net assets, or cash flows of David & Margaret.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certaintypes of expenditures are not allowed or are limited as to reimbursement. David & Margaret has elected not touse the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
David & Margaret did not receive federal insurance, loans, or non-cash assistance during the six-month periodthen ended June 30, 2022 that were subject to the Uniform Guidance.