Notes to SEFA
Title: Major Federal Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Allapattah Community Housing, Inc. for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Project has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
As of June 30, 2023, the following program was identified as a Federal Financial Assistance
Program:
CFDA 14.157 - Section 202 Capital Advance, outstanding balance of a loan that was originally issued in 2008-2009 Section 202 Project Rental Assistance