Audit 291360

Title: PRIOR YEAR’S FEDERAL LOANS Accounting Policies: BASIS OF PRESENTATION : The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SHELTER, Inc. under programs of the federal government for the year ended June 30, 2023 and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of SHELTER, Inc. it is not intended to and does not present the financial position, change in net assets or cash flows of SHELTER, Inc. PROGRAM COST : The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the City, State and County portion, are more than shown. De Minimis Rate Used: N Rate Explanation: SHELTER, Inc. has not elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance for the year ended June 30, 2023; and instead allocated indirect costs in accordance with its cost allocation plan as allowed by the federal grant programs under Uniform Guidance. The schedule below provides information regarding balances of loans for which continuing compliance is required.FOR THE YEAR ENDED JUNE 30, 2023 Federal Assistance Agency or Listing Pass-Through Loan Federal Grantor/Pass-through Agent Program Title Number Grant Number Balance U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT New Century Center Pass-through awards Section 223(f)/207 mortgage insurance for the purchase of existing multifamily housing projects 14.155 Contra Costa County $132,215 Housing Opportunities for Persons with AIDS 14.155 Contra Costa County $214,000 $ 346,215 SHELTER, Inc. Supportive Housing Program Pass-through awards Permanent Housing for Handicapped Homeless Department of Housing and Program - Sunset 14.235 Community Development $94,975 Community Development Block Grant Pass-through awards Community Development Loan for Next Step 14.218 Contra Costa County $134,100 Community Development Rehab Loan for Next Step 14.218 Contra Costa County $32,400 Housing Opportunities for Persons with AIDS Pass-through awards Housing Opportunities for Persons with AIDS HOPWA loan for Landings 14.241 Contra Costa County $200,000 Home Investment Partnerships Program HOME loan for Landings 14.239 Contra Costa County $125,030 $ 586,505 Total Federal Loans $932,720 See independent auditor's report on supplementary information and notes to the schedule of expenditures of federal awards.