Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal award activity of Alameda Point Collaborative, Inc. under programs of the federal government for the year ended June 30, 2025. The information in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the Organization, it does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization had the following federally funded loan balances outstanding as of June 30, 2025. These loan balances are not included in federal expenditures reported on the Schedule of Expenditures of Federal Awards. Supportive Housing Program Loan (ALN 14.235): $400,000 HOME Investment Partnerships Program Loan (ALN 14.239): $2,062,887 Housing Opportunities for Persons with AIDS Loan (ALN 14.241): $585,228 Community Development Block Grant Loan (ALN 14.218): $2,562,298 Total federal loan balances outstanding: $5,610,413