Notes to SEFA
The Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal programs of the California Affordable Housing Initiatives, Inc. (CAHI).
The Schedule is presented using the accrual basis of accounting. CAHI did not elect to use the 10% de minimus indirect cost rate pursuant to §200.414 Indirect (F&A) Costs of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Federal award revenues and expenditures agree to or can be reconciled with the amounts reported in CAHI’s financial statements.