Notes to SEFA
Title: Loan Program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, as applicable, either the cost principles contained in OMB Circular A-122, Cost Principlesfor Non-Profit Organizations or the cost principles contained in Uniform Guidance wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is the activity of the loans payable for the year ended December 31, 2022: ASSISTANCE LISTING NUMBER 14.235:Supportive Housing Program: County of San Diego Department of Community Development, Loans Outstanding at December 31, 2021: $24,500, Loans Awarded for the Year Ended December 31, 2021: $0, Loan Principal Repaid for the Year Ended December 31, 2021: $24,500, Loans Outstanding at December 31, 2021: $0. ASSISTANCE LISTING NUMBER 14.239: Home Investment Partnerships Program: City of Escondido, Loans Outstanding at December 31, 2021: $321,355, Loans Awarded for the Year Ended December 31, 2022: $0, Loan Principal Repaid for the Year Ended December 31, 2022: $0, Loans Outstanding at December 31, 2022: $321,355.