Notes to SEFA
The accompanying schedule of expenditures of federal awards ("Schedule") includes the federal award activity of Casita Park Housing Development Fund Corporation, HUD Project No.:012- EE191, 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 Casita Park Housing Development Fund Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Casita Park Housing Development Fund Corporation. For the year ended September 30, 2024, no awards were passed through to subrecipients.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance. Casita Park Housing Development Fund Corporation has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Casita Park Housing Development Fund Corporation has received a U.S. Department of Housing and Urban Development capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Casita Park Housing Development Fund Corporation received no additional advances during the year. The balance of the capital advance outstanding at September 30, 2024 consists of: Outstanding Balance at Assistance Listing September Number Program Name 30, 2024 14.157 Supportive Housing $ 10,056,299