Notes to SEFA
Title: 1. The accompanying schedule of Federal Awards includes the Federal Award activity of Mammoth Lakes Housing, Inc. under programs of the Federal Government for the year ended June 30, 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).
Accounting Policies: See notes
De Minimis Rate Used: N
Rate Explanation: Not used
See
Title: The accrual basis of accounting is used for expenditures.
Accounting Policies: See notes
De Minimis Rate Used: N
Rate Explanation: Not used
See
Title: $853,600 CDBG-R loan on May 25, 2011, due to the Town of Mammoth Lakes, 0% interest, due in 2066, continuing tenant income eligibility requirements.
Accounting Policies: See notes
De Minimis Rate Used: N
Rate Explanation: Not used
See
Title: The corporation has elected not use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
Accounting Policies: See notes
De Minimis Rate Used: N
Rate Explanation: Not used
See