Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the Federal grant activity of Yampa Valley Housing Authority (the "Authority") and is presented on the modified 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 (the "Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate allowed in §200.414, Indirect (F&A) Costs , of the Uniform Guidance.
The Authority participates in the Rural Housing Service loan program. The balance of such loans at December 31, 2024
for Rural Rental Housing Loans is $ 1,067,709
Title: Sub recipients:
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the Federal grant activity of Yampa Valley Housing Authority (the "Authority") and is presented on the modified 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 (the "Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate allowed in §200.414, Indirect (F&A) Costs , of the Uniform Guidance.
The Authority did not provide any federal funds listed in the Schedule of Expenditures of Federal Awards to sub-recipients.