Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of The Coachella Valley Housing Coalition under programs of the federal government for the year ended September 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 Schedule presents only a selected portion of the operation of The Coachella Valley Housing Coalition, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Coachella Valley Housing Coalition.
(1) Expenditures reported on the Schedule 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. (2) The Coachella Valley Housing Coalition has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following is a list of federal loans the Coalition has outstanding as of September 30, 2025: