Title: BASIS OF ACCOUNTING
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in the schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes expenses claimed as an indirect cost recovery using agreed upon methods. The Organization has not elected to use the 10 percent de minimis indirect cost rate.
The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in the schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in the schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes expenses claimed as an indirect cost recovery using agreed upon methods. The Organization has not elected to use the 10 percent de minimis indirect cost rate.
The amounts shown as current year expenses represent only the federal, state, and local grant portion of the program costs. Entire program costs, including the Organization’s portion, may be more than shown.
Title: FEDERAL INDIRECT RATE
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in the schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes expenses claimed as an indirect cost recovery using agreed upon methods. The Organization has not elected to use the 10 percent de minimis indirect cost rate.
The amount expended includes expenses claimed as an indirect cost recovery using agreed upon methods. The Organization has not elected to use the 10 percent de minimis indirect cost rate.
Title: FEDERAL LOAN PROGRAMS
Accounting Policies: The schedule of expenditures of federal awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The information in the schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes expenses claimed as an indirect cost recovery using agreed upon methods. The Organization has not elected to use the 10 percent de minimis indirect cost rate.
Included in Housing Opportunities for Persons with AIDS is the cumulative amount of capital advances received from the County of San Diego Department of Housing and Community Development, which requires the Organization to comply with requirements identified in the regulatory agreements with the Organization for fifty-five years. The balances of loans outstanding with continuing compliance requirements under federal loan programs at June 30, 2024, are as follows: See the Notes to the SEFA for chart/table.