Audit 343604

Title: Loan/loan guarantee outstanding balances. Accounting Policies: 1. Organization of the Schedule The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of St. Vincent de Paul Society of Lane County, Inc. and subsidiaries under programs of the federal government for the year ended September 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 consolidated financial statements. The Schedule is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 2. Summary of Significant 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. Expenditures reported on the Schedule include non-monetary assistance in the form of food and other commodities received. The amount expended is determined based on the values provided by the grantor. For revolving loan programs, loans of such funds to eligible recipients and eligible administrative costs are considered expenditures. The Organization has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance. St. Vincent de Paul Society of Lane County, Inc. and subsidiaries did not pass any federal funds through to sub-recipients for the year ended September 30, 2024. 3. Loans and Loan Guarantee Programs For loan and loan guarantee programs for which there are continuing federal compliance requirements, the amount of expenditures reported on the Schedule is the sum of the loan balance at the beginning of the year, the value of new loans made during the year, and cash or administrative cost allowance received during the year. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimus cost rate. U.S. Department of Housing and Urban Development: Passed-through city of Portland-Community Development Block Grant (14.218) - Balances outstanding at the end of the period were $3,213,319. U.S. Department of Housing and Urban Development: Passed-through city of Eugene - Community Development Block Grant (14.218) - Balances outstanding at the end of the period were 780,265. U.S. Department of Housing and Urban Development: Passed-through city of Eugene Oakwood Manor Rehab (14.218) - Balances outstanding at the end of the period were 120,463. U.S. Department of the Treasury: Passed-through Network for Oregon Affordable Housing - Community Development Financial Institutions Program (21.020) - Balances outstanding at the end of the period were 292,457. U.S. Department of the Treasury: Economic Injury Disaster Disaster Loan (59.008) - Balances outstanding at the end of the period were 141,511.