Notes to SEFA
Title: Loans 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 the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Alemeda Point Collaborative has their own NICRA rate.
Federally funded loans outstanding at June 30, 2023
Amounts
Outstanding
Program Title AL# June 30, 2023
Supportive Housing Program Loan 14.235 $ 400,000
Home Investment Partnerships
Program Loan 14.239 2,618,756
Housing Opportunities for
Persons with Aids Loan 14.241 585,228
Community Development
Block Grant Loan 14.218 2,493,756
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: Alemeda Point Collaborative has their own NICRA rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Alameda Point Collaborative, Inc. under programs of the federal government for the year ended June 30, 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 Alameda Point Collaborative, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alameda Point Collaborative,
Inc.