Notes to SEFA
Title: Federal Loan Program
Accounting Policies: Note 1:Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of West Vue, Inc. under programs of the federal government for the year ended September 30, 2022. 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 West Vue, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of West Vue, Inc.Note 2:Summary of Significant Accounting PoliciesExpenditures 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Note 3:Indirect Cost RateWest Vue, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note 4:Federal Loan Program The federal loan program listed subsequently is administered directly by West Vue, Inc., and balances and transactions relating to this program are included in West Vue, Inc.s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at September 30, 2022, consists of: Assistance Listing Number: 10.766 Program Name: Community Facilities Loans and Grants Outstanding Balance at September 30, 2022: $8,148,962
Title: Personal Protective Equipment
Accounting Policies: Note 1:Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of West Vue, Inc. under programs of the federal government for the year ended September 30, 2022. 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 West Vue, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of West Vue, Inc.Note 2:Summary of Significant Accounting PoliciesExpenditures 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Note 3:Indirect Cost RateWest Vue, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note 5:Personal Protective Equipment (PPE) (Unaudited)The Organization received donated personal protective equipment from a federal source with a fair value of approximately $88,000 during the year ended September 30, 2022.