Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: Arch V HDC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Arch V HDC under programs of the federal government for the year ended June 30, 2024. 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 Arch V HDC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Arch V HDC.
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: Arch V HDC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Arch V HDC has received U.S. Department of Housing and Urban Development direct loans. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Arch V HDC received no additional loans during the year. The balance of the loans outstanding at June 30, 2024: "See the Notes to the SEFA for chart/table".