Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Shelter House Community Shelter and Transition Services under programs of the federal government for the year ended December 31, 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 Shelter House Community Shelter and Transition Services, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Shelter House Community Shelter and Transition Services. 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 to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 970000. CONTINUUM OF CARE PROGRAM (14.267) - Balances outstanding at the end of the audit period were 212000. HOUSING TRUST FUND (14.275) - Balances outstanding at the end of the audit period were 4480227. COMMUNITY DEVELOPMENT BLOCK GRANT ARRA (CDBG-R) (14.253) - Balances outstanding at the end of the audit period were 116785. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 524443.