Notes to SEFA
The amounts shown as current-year expenditures represent only the federal grant portion of the program costs. The entire program costs, including the City of Yakima’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The City of Yakima has a revolving loan program for low-income housing renovation. Under this federal program, repayments to the City of Yakima are considered program revenues (income) and loans of such funds to eligible recipients are considered expenditures.
In 2003, the City of Yakima was authorized to administer a Section 108 Loan program. There were no new loans in 2024.
The City of Yakima paid the following amounts to sub-recipients: See the Notes to the SEFA for chart/table
• AT2530 funds came in as Final payment from State on left over funds. They are for 2023 expenses paid In 2024. $23,693.19 added expense to SEFA 2024. • AIP51 FAA Covid-19 CRSSA had an adjustment from prior periods of rent $42,390.95. This amount is reported on SEFA and noted here for previous years' expenses. (2021-2023)