Notes to SEFA
Title: PRIOR YEAR’S FEDERAL LOANS
Accounting Policies: BASIS OF PRESENTATION : The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SHELTER, Inc. under programs of the federal government for the year ended June 30, 2022 and is presented on the accrual basis of accounting. 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of SHELTER, Inc. it is not intended to and does not present the financial position, change in net assets or cash flows of SHELTER, Inc.
PROGRAM COST : The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the City, State and County portion, are more than shown.
De Minimis Rate Used: N
Rate Explanation: SHELTER, Inc. has not elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance for the year ended June 30, 2022; and instead allocated indirect costs in accordance with its cost allocation plan as allowed by the federal grant programs under Uniform Guidance.
The schedule below provides information regarding balances of loans for which continuing compliance is required.FOR THE YEAR ENDED JUNE 30, 2022
Federal
Assistance Agency or
Listing Pass-Through Loan
Federal Grantor/Pass-through Agent Program Title Number Grant Number Balance
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
New Century Center
Pass-through awards
Section 223(f)/207 mortgage insurance for the purchase
of existing multifamily housing projects 14.155 Contra Costa County $ 148,008
Housing Opportunities for Persons with AIDS 14.155 Contra Costa County 214,000
362,008
SHELTER, Inc.
Supportive Housing Program
Pass-through awards
Permanent Housing for Handicapped Homeless Department of Housing and
Program - Sunset 14.235 Community Development 94,975
Community Development Block Grant
Pass-through awards
Community Development Loan for Next Step 14.218 Contra Costa County 134,100
Community Development Rehab Loan for Next Step 14.218 Contra Costa County 32,400
Housing Opportunities for Persons with AIDS
Pass-through awards
Housing Opportunities for Persons with AIDS
HOPWA loan for Landings 14.241 Contra Costa County 107,222
Home Investment Partnerships Program
HOME loan for Landings 14.239 Contra Costa County 125,030
493,727
Total Federal Loans $855,735