Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the schedule) includes all federal grant activity of Network for Oregon Affordable Housing under programs of the federal government for the year ended June 30, 2023. The Information in this schedule is presented in accordance with the requirements of the 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 Network for Oregon Affordable Housing, it is not intended to and does not present the financial position, changes in net assets or cash flows of Network for Oregon Affordable Housing.
De Minimis Rate Used: N
Rate Explanation: De minimus was not elected.