Title: Note 1 - Basis of Presentation:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either of the cost principles contained in Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Veterans Village of San Diego has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Veterans Village of San Diego, 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). Because the Schedule presents only a selected portion of the operations of Veterans Village of San Diego, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Veterans Village of San Diego.
Title: Note 3 - Loan Program:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either of the cost principles contained in Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Veterans Village of San Diego has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The following is the activity of the loans payable for the year ended June 30, 2023:
Assistance Listing Number, Program Name, Loans Awarded for the Year Ended June 30, 2023, Loan Principal Repaid for the Year Ended June 30, 2023, Loans Outstanding at June 30, 2023: 14.239 Home Investment Partnerships Program:San Diego Housing Commission$3,479,925, $-, $-, $3,479,925; San Diego Housing Commission $2,000,806, $, -$ -, $2,000,806; San Diego Housing Commission $1,491,566, $ -, $ -, $1,491,566; San Diego Housing Commission $1,437,053, $ -, $ -, $1,437,053; Total Home Investment Partnerships Program $8,409,350, $ -, $ -, $8,409,350 14.251 Economic Development Initiative:San Diego Housing Commission $745,575, $ -, $ -, $745,575; Total Loans $9,154,925, $-, $-, $9,154,925