Title: Note 1 - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the consolidated financial statements of the Santa Fe Community Housing Trust (the Housing Trust), which includes the Housing Trust, Soleras Station, Stage Coach and The Village Sage. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the Housing Trust, it is not intended to and does not represent the consolidated financial position, changes in net assets, or cash flows of the Housing Trust.
De Minimis Rate Used: N
Rate Explanation: The Housing Trust did not use the 10 percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the consolidated financial statements of the Santa Fe Community Housing Trust (the Housing Trust), which includes the Housing Trust, Soleras Station, Stage Coach and The Village Sage. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the Housing Trust, it is not intended to and does not represent the consolidated financial position, changes in net assets, or cash flows of the Housing Trust.
Title: Note 2 - Non-Cash Federal Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the consolidated financial statements of the Santa Fe Community Housing Trust (the Housing Trust), which includes the Housing Trust, Soleras Station, Stage Coach and The Village Sage. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the Housing Trust, it is not intended to and does not represent the consolidated financial position, changes in net assets, or cash flows of the Housing Trust.
De Minimis Rate Used: N
Rate Explanation: The Housing Trust did not use the 10 percent de minimis indirect cost rate.
No non-cash federal assistance was received during the year ended December 31, 2023.
Title: Note 3 - Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the consolidated financial statements of the Santa Fe Community Housing Trust (the Housing Trust), which includes the Housing Trust, Soleras Station, Stage Coach and The Village Sage. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the Housing Trust, it is not intended to and does not represent the consolidated financial position, changes in net assets, or cash flows of the Housing Trust.
De Minimis Rate Used: N
Rate Explanation: The Housing Trust did not use the 10 percent de minimis indirect cost rate.
The Housing Trust provided no federal awards to sub-recipients during the year.
Title: Note 4 - Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the consolidated financial statements of the Santa Fe Community Housing Trust (the Housing Trust), which includes the Housing Trust, Soleras Station, Stage Coach and The Village Sage. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the Housing Trust, it is not intended to and does not represent the consolidated financial position, changes in net assets, or cash flows of the Housing Trust.
De Minimis Rate Used: N
Rate Explanation: The Housing Trust did not use the 10 percent de minimis indirect cost rate.
The Housing Trust did not use the 10 percent de minimis indirect cost rate.