Audit 30101

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of Neighborhood Community Development Fund and Subsidiary (the Organization).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 Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.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 as to reimbursement. The amount of federal expenditures for the Microloan Programs represents the December 31, 2021, loan balances payable to the Small Business Administration (SBA) and the value of new loans received during the year. The amount for the Microloan technical assistance grant is the amount of administration allowance expended for each SBA Microloan Program. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 110431. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 235108. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 217036. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 779222. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 400000. MICROLOAN PROGRAM (59.046) - Balances outstanding at the end of the audit period were 1000000.