Notes to SEFA
Title: CAPITAL ADVANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of
the Corporation under programs of the federal government for the year ended December 31, 2023. 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 our operations, it is not intended to and does not present the
Corporation’s financial position, changes in net positions, or cash flows.
De Minimis Rate Used: Y
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The following is the activity of the capital advance for the year ended December 31, 2023:
Federal Program ALN
Beginning
Balance
Amount
Included in
Expenditures
Section 811 Supportive Housing 14.181 $ 1,060,600 $ 1,060,600