Notes to SEFA
Title: LOAN PROGRAMS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses arerecognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87,Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses arenot allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate as covered in 2 CFR ?200.414.
The outstanding balances of loan programs were as follows: Supportive Housing for Persons with Disabilities 14.181 $ 3,484,200HOME Investment Partnerships Program 14.239 $633,000Grand total: $ 4,117,200
Title: BASIS OF PRESENTATION
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses arerecognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87,Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses arenot allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate as covered in 2 CFR ?200.414.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of the Organization under programs of the federal government for the year ended June 30, 2022.The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of TLCS operations, it is not intended to be and does not present the financial position, changesin net position, or cash flows of the Organization.
Title: SUBRECIPIENTS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses arerecognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87,Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses arenot allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate as covered in 2 CFR ?200.414.
Of the federal expenditures presented above, the Organization provided federal awards to subrecipients as follows:Program Title: Continuum of Care Program CFDA: 14.267 Amount: $32,162
Title: PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses arerecognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87,Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses arenot allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate as covered in 2 CFR ?200.414.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including TLCS portion, may be more than shown.