Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: NOTE 1 BASIS OF PRESENTATION: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the expenditures of Mid-Peninsula Coalition Belle Haven, Inc. (A California non-profit public benefit corporation) under programs of the federal government for the year ended December 31, 2022. The information in the Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the financial statements. For purposes of the Schedule, federal awards include all sub awards to Mid-Peninsula Coalition Belle Haven, Inc. by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.
De Minimis Rate Used: N
Rate Explanation: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards and OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowed. Assistance Listing numbers (AL No.) are provided when available. The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 687814. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 438184.
Title: NOTE 3 PRIOR YEARS EXPENDITURES
Accounting Policies: NOTE 1 BASIS OF PRESENTATION: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the expenditures of Mid-Peninsula Coalition Belle Haven, Inc. (A California non-profit public benefit corporation) under programs of the federal government for the year ended December 31, 2022. The information in the Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the financial statements. For purposes of the Schedule, federal awards include all sub awards to Mid-Peninsula Coalition Belle Haven, Inc. by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.
De Minimis Rate Used: N
Rate Explanation: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards and OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowed. Assistance Listing numbers (AL No.) are provided when available. The auditee did not use the de minimis cost rate.
The accompanying Schedule includes $1,125,998 in expenditures from prior years for which continuing compliance is required.