Notes to SEFA
Title: NOTE 1 – 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 OMB’s Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the Schedule. Pass-through entity identifying numbers are presented where available.
Self-Help Enterprises did not provide federal funds to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: Self-Help Enterprises has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Self-
Help Enterprises 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 OMB’s Uniform Guidance. Because the Schedule presents
only a selected portion of the operations of Self-Help Enterprises, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Self-Help Enterprises.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 OMB’s Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the Schedule. Pass-through entity identifying numbers are presented where available.
Self-Help Enterprises did not provide federal funds to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: Self-Help Enterprises has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in OMB’s Uniform Guidance, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
Federal awards received directly from federal agencies as well as federal awards passed through other government
agencies are included in the Schedule. Pass-through entity identifying numbers are presented where available.
Self-Help Enterprises did not provide federal funds to sub-recipients.
Title: NOTE 3 – INDIRECT COST RATE
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 OMB’s Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the Schedule. Pass-through entity identifying numbers are presented where available.
Self-Help Enterprises did not provide federal funds to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: Self-Help Enterprises has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Self-Help Enterprises has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
Title: NOTE 4 – RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
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 OMB’s Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the Schedule. Pass-through entity identifying numbers are presented where available.
Self-Help Enterprises did not provide federal funds to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: Self-Help Enterprises has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Information included in the accompanying Schedule of Expenditures of Federal Awards is in substantial agreement with
the information reported in the related financial reports for major programs.
Title: NOTE 5 – FEDERAL LOAN BALANCES OUTSTANDING
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 OMB’s Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the Schedule. Pass-through entity identifying numbers are presented where available.
Self-Help Enterprises did not provide federal funds to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: Self-Help Enterprises has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following schedule summarizes the outstanding loan balances for federal programs as of June 30, 2024:
Bear Creek Housing Community 10.405 $ 1,572,839
Casas de la Vina 10.405 $683,473
Vera Cruz Village 10.405 $300,605
Sunrise Villa 10.405 $119,727
Total farm labor housing loans and grants $2 ,676,644
Total outstanding loan balances at June 30, 2024 $ 2,676,644