Title: 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.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity for Accompany Capital, Inc. (the “Organization”) under programs of the federal government for the year ended September 30, 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Title: Loans Payable Outstanding
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.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization had the following loan payable balances outstanding as of September 30, 2024, that have continuing compliance requirements, which are included in the Schedule: (first row) Beginning Balance | Advances | Repayments | Ending Balance; (second row) SBA - 59.046 Microloan Program; (third row) Loan Number: 6834935003 | $175,100 | $0 | $(175,100) | $0; (forth row) Loan Number: 9566385000 | 618,055 | 0 | (157,801) | 460,254; (fifth row) Loan Number: 3784737002 | 829,073 | 0 | (141,169) | 687,904; (sixth row) Loan Number: 5314708201 | 1,128,921 | 0 | (163,218) | 965,703; (seventh row) $2,751,149 | $0 | ($637,288) | $2,113,861
Title: Guaranteed Loans Receivable Outstanding
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.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization had the following loan receivable balances outstanding as of Septmber 30, 2024, in the SBA’s Community Advantage Loan Program. SBA guaranteed loans receivable have continuing compliance requirements and are included in the Schedule: (first row):Beginning Balance | Loans Issued | Repayments Received | Ending Balance; (second row) SBA - 7(a) Loan Guarantees - Community Advantage Program; (third row) SBA Guaranteed Balance $2,144,506 | $3,183,500 | ($296,195) | $5,031,811; (forth row) Unguaranteed Balance 587,836 | 994,500 | (9,274) | 1,573,062; (fifth row) $2,732,342 | $4,178,000 | ($305,469) | $6,604,873