Notes to SEFA
Title: Note 1 - Basis for 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. Doles Manor has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: Doles Manor 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 includes the federal grant activity of Doles Manor, FHA Project No. 044-11103 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 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 Doles Manor, FHA Project No. 044-11103, it is not intended to and does not present the financial position, changes in net assets or cash flows of Doles Manor, FHA Project No. 044-11103.
Title: Note 3 - US Department of Housing and Urban 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. Doles Manor has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: Doles Manor has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
Doles Manor has received a Federal Housing Administration mortgage loan under Section 223(f) of the National Housing Act. The U.S. Department of Housing and Urban Development insures the loan. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Doles Manor received no additional loans during the year. The balance of the loan outstanding at December 31, 2023 consists of: Outstanding Balance at
CFDA Number Program Name December 31, 2023
14.155 Section 223(f) Loan $3,258,596