The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of LHDME under programs of the federal government for the year ended December 31, 2024, and is presented on the 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 (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
LHDME has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
LHDME is approved by Southwest Office of Native American Programs (SWONAP) to allocate up to 20% of the grant funds for planning and administration costs. LHDME is approved to allocate up to 20% of grant funds for planning and administrative costs.
The accompanying Schedule is presented using the accrual basis of accounting, which is described in Note 1 to the LHDME’s financial statements.
Expenditures Per the Schedule of Expenditures of Federal Awards $ 4,609,100 Capital Purchases Funded by Grant Expenditures (714,634) Depreciation and Amortization Expense Recorded on the Statement of Revenues, Expenses, and Changes in Net Position - Noncash 588,802 Operating Expenses on the Financial Statements $ 4,483,268
Details of U.S. Department of Housing and Urban Development and U.S. Department of Treasury grants included in the Schedule are as follows: Cumulative Current Period Cumulative Grant Grant Grant Available Award Expenditures Expenditures Expenditures Grant Balance Amount 2023 2024 12/31/24 12/31/24 IHBG NAHASDA 55IH3503180 (2022) $ 1,561,006 $ 1,529,837 $ 31,169 $ 1,561,006 $ - IHBG NAHASDA 55IH3503180 (2023) 1,576,179 - 1,576,179 1,576,179 - IHBG NAHASDA 55IH3503180 (2024) 2,003,448 - 988,205 988,205 1 ,015,243 IHBG ARP 21AH3503180 (2021) 1,044,062 249,415 750,551 999,966 4 4,096 ICDBG 22-RP-35-0318-0 (2022) 1,035,000 1,032,893 2,107 1,035,000 - Homeowner's Assistance Fund (2022) 1,209,880 123,602 983,372 1,106,974 1 02,906 American Rescue Plan Act - Housing Improvement - ARPA (2024) 277,517 - 277,517 277,517 - Total $ 8,707,092 $ 2,935,747 $ 4,609,100 $ 7,544,847 $ 1,162,245
Beginning January 1, 2012, the IHBG program changed from a grant-based program, where all funds and activities are tracked back to the grant from which they were funded, to a fiscal year-based program, where funds and activities are tied only to the fiscal year in which the activities occurred. A single grant number beginning with the digits “55” (rather than “09,” “10,” etc.) replaced the traditional IHBG numbering system. Any grants with undisbursed amounts in the Line of Credit Control System (LOCCS) at the time of transition are rolled into the new grant number. IHBG funds will be added under the same grant number in LOCCS. Under this system, LOCCS will automatically disburse the oldest funds first. With the transition to the fiscal year-based system, IHBGs are no longer closed out in accordance with Notice PIH 2011-23 (which was extended until revoked, superseded, or amended by Notice PIH 2012-12).