Title: Reporting Entity
Accounting Policies: Basis of Presentation
The Schedule of Expenditures of Federal Awards (the "Schedule") presents the federal awards
activity of YCH under programs of the federal government for the year ended June 30, 2024.
Federal awards received directly from federal agencies, as well as federal awards passed through
from nonfederal agencies or other organizations, are included in the Schedule. The information in
the 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"). As the Schedule presents only the federal
awards activity of YCH, it is not intended to and does not present the financial position, change in
net position or cash flows of YCH as a whole.
Significant Accounting Policies
The expenditures included in the Schedule are reported under the accrual basis of accounting. The
expenditures are recognized in accordance with 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: YCH has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Yolo County Housing ("YCH") was established pursuant to the State of California’s Health and Safety Code in 1950 by the Yolo County Board of Supervisors. YCH is a public entity organized to provide housing assistance to low- and moderate-income families at rents they can afford.
Title: Basis of Presentation
Accounting Policies: Basis of Presentation
The Schedule of Expenditures of Federal Awards (the "Schedule") presents the federal awards
activity of YCH under programs of the federal government for the year ended June 30, 2024.
Federal awards received directly from federal agencies, as well as federal awards passed through
from nonfederal agencies or other organizations, are included in the Schedule. The information in
the 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"). As the Schedule presents only the federal
awards activity of YCH, it is not intended to and does not present the financial position, change in
net position or cash flows of YCH as a whole.
Significant Accounting Policies
The expenditures included in the Schedule are reported under the accrual basis of accounting. The
expenditures are recognized in accordance with 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: YCH has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the "Schedule") presents the federal awards activity of YCH under programs of the federal government for the year ended June 30, 2024. Federal awards received directly from federal agencies, as well as federal awards passed through from nonfederal agencies or other organizations, are included in the Schedule. The information in the 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"). As the Schedule presents only the federal awards activity of YCH, it is not intended to and does not present the financial position, change in net position or cash flows of YCH as a whole.
Title: Discrete Component Unit Federal Expenditures
Accounting Policies: Basis of Presentation
The Schedule of Expenditures of Federal Awards (the "Schedule") presents the federal awards
activity of YCH under programs of the federal government for the year ended June 30, 2024.
Federal awards received directly from federal agencies, as well as federal awards passed through
from nonfederal agencies or other organizations, are included in the Schedule. The information in
the 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"). As the Schedule presents only the federal
awards activity of YCH, it is not intended to and does not present the financial position, change in
net position or cash flows of YCH as a whole.
Significant Accounting Policies
The expenditures included in the Schedule are reported under the accrual basis of accounting. The
expenditures are recognized in accordance with 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: YCH has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
YCH has one discretely presented component unit, New Hope Crosswood Associates LP, whose federal expenditures are excluded from the Schedule because its federal expenditures are separately audited and reported to HUD. The federal expenditures for programs of New Hope
Crosswood Associates LP for the year ended December 31, 2023 are as follows:
Federal Grantor / Pass-through Grantor / Program or
Cluster Title:
Federal
AL
Number
Agency or
Pass-Through
Number
Federal
Expenditures
Amount
Direct Programs
U.S. Department of Housing and Urban Development
Federal Housing Administration - Insured loans
under Section 207 and 223(f) 14.155 CA30M000858 $ 2,828,753
Housing Voucher Cluster
Section 8 Housing Choice Vouchers 14.871 N/A 3 49,493
Total $ 3 ,178,246