Notes to SEFA
Title: Subrecipients
Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Eastern Idaho Community Action Partnership, Inc. under programs of the federal government for the year ended October 31, 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 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Eastern Idaho Community Action Partnership, Inc., it is not intended to and does not present the financial position, changes in nets assets or cash flows of Eastern Idaho Community Action Partnership, Inc.
Summary of Significant Accounting Polices - 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Eastern Idaho Community Action Partnership, Inc. has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Eastern Idaho Community Action Partnership, Inc. does not have subrecipients or subrecipient expenditures.
Title: Balance of Outstanding Loans
Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Eastern Idaho Community Action Partnership, Inc. under programs of the federal government for the year ended October 31, 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 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Eastern Idaho Community Action Partnership, Inc., it is not intended to and does not present the financial position, changes in nets assets or cash flows of Eastern Idaho Community Action Partnership, Inc.
Summary of Significant Accounting Polices - 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Eastern Idaho Community Action Partnership, Inc. has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The loan programs listed subsequently are administered directly by Eastern Idaho Community Action Partnership, Inc., and balances and transactions relating to the programs are included in Eastern Idaho Community Action Partnership, Inc.'s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at October 31, 2024, consists of; Farm Labor Housing Loan #10.405 - 211,175: Rural Rental Housing Loans #10.415 - 1,240,370: Community Facilities Loans and Grants #10.766 - 39,690: Home Investment Partnership Program Loans #14.239 - 1,295,948
Neighborhood Stabilization Program Loan 14.U01 135,000