The Schedule of Expenditures of Federal Awards includes the federal grant activity of The Ford Street Project and is presented on the accrual basis. 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). The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within The Ford Street Project’s financial statements.
When federal awards were received from a pass-through entity, the Schedule of Expenditures of Federal Awards shows, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, The Ford Street Project determined that no identifying number is assigned for the program or The Ford Street Project was unable to obtain an identifying number from the pass-through entity.
The Federal assistance listing number included in the accompanying Schedule of Expenditures of Federal and State Awards was determined based on the program name, review of the award contract, and the Office of Management and Budget’s Federal assistance listing numbers.
The Ford Street Project elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance Part 200.414 Indirect (F&A) Costs.
Home Investment Partnerships Program (14.239) In December 1995, the Organization purchased a building and land on 1175 S. State Street, Ukiah, California. To finance the purchase, the Organization obtained a note payable in the amount of $534,150. The note payable is passed through the Department of Housing and Community Development (DHCD), which is secured by a deed of trust of real property. On June 6, 2000, a total of $6,184 was disencumbered from the loan making the new balance $527,966. The interest rate of 3% is accrued in annual installments of interest only, of $15,839 through December 2026 with a final payment of principal of $527,966 plus accrued and unpaid interest. Total accrued interest payable on the DHCD note payable was $453,162 as of June 30, 2025. The loan activity during the year ended June 30, 2025 is as follows: Note Payable Interest Payable Total Beginning balance - 6/30/24 $ 527,966 $ 437,323 $ 965,289 Accrued interest - 15,839 15,839 Ending balance - 6/30/25 $ 527,966 $ 453,162 $ 981,128