Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) is presented on theaccrual basis of accounting. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Costs Principles and Audit Requirements for Federal Awards. (UniformGuidance). CFDA #93.959 is exempt from the cost principles in 2 CFR part 200, subpart E,however, state cost principles requirements apply to this program. The state defines allowablecosts as equivalent to established reimbursement rates for services rendered.Because the Schedule presents only a selected portion of the operations of Harbor House, Inc., itis not intended to and does not present the financial position, changes in net assets, or cash flowsof Harbor House, Inc.NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported for CFDA #93.959 are for operating costs incurred in providing theapproved services of the contracts.The Organization has not elected to use the 10% de minimis cost rate.NOTE C - RECONCILIATION OF FEDERAL AND STATE EXPENSESTotal expenditures per Schedule of Federal and State Awards $ 1,051,826Excess of billings under recorded expenses 246,336Total expenditures per financial statements $ 1,298,162
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.