Notes to SEFA
Title: NOTE 4 – HUD 202/811 AFFILIATES EXPENDITURE REPORTING
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards, which includes the federal grant activity of the Organization, is not inclusive of the HUD 202/811 Affiliates’ expenditures of federal awards because they were reported to the Federal Audit Clearing House on an individual basis in reports dated March 10, 2023. The following table outlines the amounts previously reported by the HUD 202/811 Affiliates:
Federal Grantor/Pass-through Grantor/Program or Cluster Title Federal Assistance Listing Number Pass-through Entity Identifying Number Total Federal Expenditures
U.S. Department of Housing and Urban Development
Supportive Housing for Persons with Disabilities (Section 811) 14.181 N/A $ 1,016,431
Supportive Housing for Persons with Disabilities (Section 811) - Loan 14.181 N/A 22,440,848
Total U.S. Department of Housing and Urban Development 23,457,279
Total Expenditures of Federal Awards $ 23,457,279