Notes to SEFA
Title: NOTE A - 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. Century Plaza Housing Corporation of Topeka 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: N/A
The accompanying schedule of expenditures of federal awards includes the federal award activity of Century Plaza
Housing Corporation of Topeka and is presented on the accrual basis of accounting. 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 Century Plaza Housing
Corporation of Topeka, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of Century Plaza Housing Corporation of Topeka.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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. Century Plaza Housing Corporation of Topeka 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: N/A
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. Century Plaza Housing Corporation of Topeka has elected not
to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE C – U.S. Department of Housing and Urban Development Loan Program
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. Century Plaza Housing Corporation of Topeka 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: N/A
Century Plaza Housing Corporation of Topeka has received a U.S. Department of Housing and Urban Development
Capital Advance under Section 202 of the National Housing Act. The Capital Advance balance outstanding at the
beginning of the year is included in the federal expenditures presented in the Schedule. Century Plaza Housing
Corporation of Topeka received no additional Capital Advances during the year. The balance of the Capital Advance
outstanding at December 31, 2024 consists of:
Outstanding Balance
Federal Assistance Listing Number Program Name at December 31, 2024
14.157 Supportive Housing for the Elderly $ 1,790,800