Title: BASIS OF PRESENTATION
Accounting Policies: A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles in Office of Management and Budget
Circular A-87, State and Local Governments, or the cost principles contained in Subpart E of Title 2 U.S. Code
of Federal Regulation Part 200, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years.
C. Pass-through entity identifying numbers are presented where available and applicable.
D. PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: PRDH 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 (Schedule) includes the federal award activities
of the Department of Housing of the Commonwealth of Puerto Rico (PRDH) under programs of the Federal
government for the fiscal year ended June 30, 2024. The information in this Schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, (Uniform Guidance). Because the
Schedule presents only a selected portion of the operations of the PRDH, it is not intended to and does not present
the financial position, changes in net position, or cash flows of the PRDH.
Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the
preparation of, the basic financial statements. PRDH reporting entity is defined in Note (1) (A) to the basic financial
statements. All federal financial awards received directly from federal agency as well as federal financial awards
passed-through other government agencies, if any, are included on the Schedule.
Title: SCHEDULE NOT IN AGREEMENT WITH OTHER FEDERAL AWARD REPORTS
Accounting Policies: A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles in Office of Management and Budget
Circular A-87, State and Local Governments, or the cost principles contained in Subpart E of Title 2 U.S. Code
of Federal Regulation Part 200, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years.
C. Pass-through entity identifying numbers are presented where available and applicable.
D. PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The information included in the Schedule may not fully agree with other federal award reports submitted directly
to federal granting agencies.
Title: ASSISTANCE LISTING NUMBER
Accounting Policies: A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles in Office of Management and Budget
Circular A-87, State and Local Governments, or the cost principles contained in Subpart E of Title 2 U.S. Code
of Federal Regulation Part 200, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years.
C. Pass-through entity identifying numbers are presented where available and applicable.
D. PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Assistance Listing Number, formerly known as the Catalog of Federal Domestic Assistance (CFDA) Number,
is a five-digit number assigned in the awarding document for all Federal assistance award mechanisms, including
Federal grants and cooperative agreements.
Title: COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE’S PROGRAM AND NON-ENTITLEMENT GRANTS
IN HAWAII
Accounting Policies: A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles in Office of Management and Budget
Circular A-87, State and Local Governments, or the cost principles contained in Subpart E of Title 2 U.S. Code
of Federal Regulation Part 200, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years.
C. Pass-through entity identifying numbers are presented where available and applicable.
D. PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
This Community Development Block Grants/State’s Program and Non-Entitlement Grants in Hawaii (CDBG)
program provides annual grants to municipalities to develop viable urban communities by providing decent housing
and a suitable living environment, and by expanding economic opportunities, principally for low- and moderateincome
persons. The CDBG program includes funds for the Community Development Block Grants/State’s
Program and Non-Entitlement Grants in Hawaii – Disaster Recovery Program or CDBG-DR program which provides
funds to rebuild areas affected by Presidentially declared disasters and provide crucial seed money to start the
recovery process.
Expenditures under this program and amounts pass-through to subrecipients for the year ended June 30, 2024
were as follows:
Grant Number Passed Through to Subrecipients Total Federal Expenditures
Community Development Block Grant/State Program and Non-Entitlement Grants
in Hawaii:
FY 2011 Grant B11DC7201 - 50
FY 2016 Grant B16DC7201 53,824 53,824
FY 2017 Grant B17DC7201 4,860,564 4,907,225
FY 2018 Grant B18DC7201 5,971,866 5,971,866
FY 2019 Grant B19DC7201 2,327,138 2,335,166
FY 2020 Grant B20DC7201 - 4,508,206
FY 2020 Grant – COVID 19 B20WC7201 10,859,413 11,035,785
FY 2021 Grant B21DC7201 - 4,599,699
FY 2021 Grant B21DZ7201 - 60,525
FY 2022 Grant B22DC7201 - 7,500
FY 2023 Grant B23DC7201 - 498,335
Sub Total Community Development Block Grant/State Program and Non-
Entitlement Grants in Hawaii 24,072,805 33,978,181
CDBG Program – Disaster Recovery (Includes $27,279,333 of IPG Program Loans B17DM7201 497,163,813 1,234,188,973
$ 521,236,618 $ 1,268,167,154
Title: RELATIONSHIP TO STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES –
GOVERNMENTAL FUNDS
Accounting Policies: A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles in Office of Management and Budget
Circular A-87, State and Local Governments, or the cost principles contained in Subpart E of Title 2 U.S. Code
of Federal Regulation Part 200, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years.
C. Pass-through entity identifying numbers are presented where available and applicable.
D. PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures of Federal awards are reported in PRDH’s Statement of Revenues, Expenditures and Changes in
Fund Balance – Governmental Fund in the Community Development Block Grant Fund, Community Development
Block Grant – Disaster Recovery Fund, Self-Contribution Fund, Sales and Acquisition Fund, and Other
Governmental Funds columns.
Title: LOAN ADVANCES
Accounting Policies: A. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
expenditures are recognized following, as applicable, the cost principles in Office of Management and Budget
Circular A-87, State and Local Governments, or the cost principles contained in Subpart E of Title 2 U.S. Code
of Federal Regulation Part 200, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
B. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years.
C. Pass-through entity identifying numbers are presented where available and applicable.
D. PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: PRDH has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the fiscal year ended June 30, 2024, the PRDH disbursed $27,279,333 in loan advances under the CDBG-DR
program (CFDA #14.228). All of the amount was expended on eligible program activities and is reported as
expenditures in the Schedule of Expenditures of Federal Awards (SEFA). No loan advances remained unspent at
year-end. Program income generated from loan repayments, if any, is reinvested in eligible activities in compliance
with program guidelines.