Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(1) - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
(2) - Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de minimis cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards ("Schedule") includes the federal
award activity of Residential Rehabilitation Housing, Inc. (the "Organization"), HUD Project No. 023-
HD061, 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 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 the Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
Title: SUBRECIPIENTS
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(1) - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
(2) - Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de minimis cost rate allowed under the Uniform Guidance.
The Organization provided no federal awards to subrecipients during the year ended June 30, 2023.
Title: SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(1) - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
(2) - Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de minimis cost rate allowed under the Uniform Guidance.
The federal expenditures for the Section 811 Supportive Housing for Persons with Disabilities
program represent the total capital advance received by Residential Rehabilitation Housing, Inc. as of
June 30, 2023.
Title: DE MINIMIS COST RATE
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(1) - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement.
(2) - Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de minimis cost rate allowed under the Uniform Guidance.
The Organization did not elect to use the de minimis cost rate allowed under the Uniform Guidance.