Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Loans and Loan Programs - Included within the schedule of expenditures of federal awards, Preble Street and Subsidiary had two loans that were outstanding during the year ended June 30, 2023. We have considered this loan issuance in determining programs to be tested under the Uniform Guidance.
Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Outstanding loans
Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
(Federal loans made to the Organization from a federal agency)
Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Emergency Solutions Grant Program – 14.231
Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Deferred forgivable ESB CV note, in the amount of $1,578,767. Entered into March, 2022; forgivable in 30 years. $1,578,767
Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Deferred forgivable HOME note, in the amount of up to $500,000. Entered into March, 2022; forgivable in 30 years. $490,078
Title: E. Loans and Loan Programs
Accounting Policies: A. Reporting Entity - The accompanying schedule includes all federal award programs of Preble Street and Subsidiary for the fiscal year ended June 30, 2023. The reporting entity is defined in the notes to the consolidated financial statements of Preble Street and Subsidiary. B. Basis of Presentation - The information in the accompanying schedule of expenditures of federal awards is presented in accordance with the Uniform Guidance. 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for Preble Street and Subsidiary are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in Preble Street and Subsidiary’s consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Preble Street and Subsidiary has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Total outstanding loan programs $ 2,068,845