Notes to SEFA
Title: Ending Loan Balance
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule), includes the
federal award activity of D’Youville Elderly Housing Corporation under programs of the
federal government for the year ended December 31, 2023. The information in this
Schedule is presented in accordance with the requirements of 2 CFR 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 D’Youville Elderly Housing Corporation, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of D’Youville Elderly
Housing Corporation.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Negative amounts shown on the Schedule represent adjustments or credits
made in the normal course of business to amounts reported as expenditures in prior years.
D’Youville Elderly Housing Corporation has not elected to use the 10% de minimis indirect
cost rate as allowed under the Uniform Guidance.
Such expenditures are recognized following, as applicable, either the cost principles in OMB
Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained
in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: D’Youville Elderly Housing Corporation has not elected to use the 10% de minimis indirect
cost rate as allowed under the Uniform Guidance.
The ending Section 202 loan balance is $5,691,000 at December 31, 2023.