Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“SEFA”) includes the federal award activity of Community Support Network (the “Organization”) under programs of the federal government for the year ended June 30, 2025. 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization
Expenditures reported on the SEFA 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 did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization provided $188,343 of federal awards to a subrecipient, TLC Child and Family Services, during the year ended June 30, 2025.
The Organization participates in the Supportive Housing Program/Special User Housing Rehabilitation loans, Community Development Block Grants/Entitlement Grants, Home Investment Partnership, federal loan programs. The balance of the current year loan activities, as required under the Uniform Guidance, are presented in the Schedule of Expenditures of Federal Awards. The following is a summary of federal loan balances as of June 30, 2025: Supportive Housing Program loans $1,246,171; Community Development Block Grant loan $390,886; Home Investment Partnership Program loans $1,025,256; Total $2,662,313.