Notes to SEFA
Title: RELATIONSHIP TO CONSOLIDATED FINANCIAL STATEMENTS
Accounting Policies: The Schedule is presented on the accrual basis of accounting. The information in the 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). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: Both
Rate Explanation: For the VA Homeless Providers Grant and Per Diem Program, the Corporation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance but rather a rate negotiated and approved by the Department of Veterans Affairs. The Corporation is using the 10% de minimis indirect cost rate for the VA Supportive Services for Veteran Families Program as required by the Department of Veterans Affairs.
See table in SEFA Note 3.