Notes to SEFA
Title: Description of Major Federal Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Organzation for the year ended December 31, 2022. Expenditures reported in the Schedule are reported on the same basis of accounting as the financial statements, altough the basis for determining when federal awards are expended is presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented on this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: None
Emergency Solutions Grant Program - This program provides federal monies for 1) the reabilitation or conversion of building for use as emergency shelter for the homeless 2) the payment of certain expenses realted to operating emergency shelters, 3) essential services related to emergency sheleters and street outreach for the homeless, and 4) homelessness prevention and rapid re housing assistance.
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Organzation for the year ended December 31, 2022. Expenditures reported in the Schedule are reported on the same basis of accounting as the financial statements, altough the basis for determining when federal awards are expended is presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented on this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: None
Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Organizations financial statements. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
Title: Loans or Loan Guarantees Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Organzation for the year ended December 31, 2022. Expenditures reported in the Schedule are reported on the same basis of accounting as the financial statements, altough the basis for determining when federal awards are expended is presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented on this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: None
None
Title: Amount of Insurance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Organzation for the year ended December 31, 2022. Expenditures reported in the Schedule are reported on the same basis of accounting as the financial statements, altough the basis for determining when federal awards are expended is presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented on this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: None
None
Title: Non Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Organzation for the year ended December 31, 2022. Expenditures reported in the Schedule are reported on the same basis of accounting as the financial statements, altough the basis for determining when federal awards are expended is presented in accordance with the requirements of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented on this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: None
None