Notes to SEFA
Title: Federal Financial Assistance
Accounting Policies: Purpose of the ScheduleThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) is a supplementary scheduleto Columbia Gardens, Inc.s financial statements and is presented for purposes of additional analysis. Becausethe Schedule presents only a selected portion of the activities of Columbia Gardens, Inc., it is not intended toand does not present either the financial position, results of activities, or changes in net assets of ColumbiaGardens, Inc.Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal awards activity of theCorporation prepared on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, the Uniform Guidance.Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in thepreparation of, the Corporations financial statements
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Pursuant to the Single Audit Act and Uniform Guidance, federal financial assistance is defined as assistanceprovided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperativeagreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. Federalfinancial assistance does not include direct federal cash assistance to individuals.The following programs have been identified as major programs for the year ended December 31, 2022:Program Assistance Listing Number GrantorsNumberHUD Programs:Supportive Housing for Persons with Disabilities 14.181 N/A