Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Colinas de Jaguas Development (the Project). The information in this schedule is presented in accordance with the requirements of the 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Project reporting entity is defined in Note 1 in the Notes to the Financial Statements on pages from 11 through 16. All federal awards received passed-through other government agencies, if any, are included on the Schedule.
This schedule is prepared from the Project’s accounting records and is not intended to present the financial position or results of operations of the Project. The Project’s financial transactions are recorded in accordance with the terms and conditions of the federal awards, consistent with accounting principles generally accepted in the United States of America (U.S. GAAP). Federal expenditures reported in the Schedule of Expenditures of Federal Awards are recognized in the accounting period in which the related costs are incurred. The Project has elected not to use the 10 percent de minimis indirect cost rate permitted under the Uniform Guidance.
Federal Assistance Listing Numbers (ALNs) are identifiers assigned by federal awarding agencies to federal assistance programs. The ALNs associated with the Project’s federal awards are disclosed on the accompanying Schedule of Expenditures of Federal Awards and include ALN 10.415, Rural Rental Housing Loans, and ALN 14.195, Section 8 Housing Assistance Payments - Special Allocations.