Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures report on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principlbes contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Casita Park Housing Development Fund Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards ("Schedule") includes the federal
award activity of Casita Park Housing Development Fund Corporation, HUD Project No.: 012-
EE191, under programs of the federal government for the year ended September 30, 2022. 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 Casita Park Housing Development Fund Corporation, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of
Casita Park Housing Development Fund Corporation.
Title: Summary of significant accounting policies
Accounting Policies: Expenditures report on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principlbes contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Casita Park Housing Development Fund Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles contained in OMB Circular
A-122, Cost Principles for Non-Profit Organizations, and the cost principles contained in the
Uniform Guidance. Casita Park Housing Development Fund Corporation has elected not to use the
10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: U.S. Department of Housing and Urban Development loan program
Accounting Policies: Expenditures report on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principlbes contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and the cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Casita Park Housing Development Fund Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Casita Park Housing Development Fund Corporation has received a U.S. Department of Housing
and Urban Development direct loan under Section 202 of the National Housing Act. The loan
balance outstanding at the beginning of the year is included in the federal expenditures presented
in the Schedule. Casita Park Housing Development Fund Corporation received no additional loans
during the year. The balance of the loan outstanding at September 30, 2022 consists of: Assistance Listing Number Program Name Outstanding Balance at September 30, 2022
14.157 Supportive Housing fore Elderly $10,056,299