Notes to SEFA
Title: Sub-Recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awards activity
of the Authority under programs of the federal government for the year ended June 30, 2023, including the activities
of its blended component unit Riverside Community Housing Corp. 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 our operations, it is not intended to and does not present our financial
position, changes in net positions, or cash flows.
De Minimis Rate Used: N
Rate Explanation: We have elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
During the fiscal year end, the Authority disbursed a portion of the HOPWA funds to subrecipients. Below is a
schedule of subrecipients for the fiscal year ended June 30, 2023:
Subrecipient ALN
Amount Passed
Through
Catholic Charities - Riverside 14.241 $ 38,488
Desert Aids Project 14.241 362,693
Foothill Aids Project 14.241 306,750
Young Scholars for Academic Empowerment 14.241 343,420
Subtotal 1,051,351
Total Amounts Passed Through to Sub-Recipients $ 1,051,351
Title: Federal Loans
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awards activity
of the Authority under programs of the federal government for the year ended June 30, 2023, including the activities
of its blended component unit Riverside Community Housing Corp. 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 our operations, it is not intended to and does not present our financial
position, changes in net positions, or cash flows.
De Minimis Rate Used: N
Rate Explanation: We have elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Authority participates in housing programs where funds have been provided by Federal agencies as loans.
Outstanding balances for these loans were as follows:
Federal Program Loans ALN
Beginning
Balance Additions
Amount
Included in
Expenditures
Beginning
Balance
Community Development Block Grant 14.218 $ 3,704,000 $ - $ 3,704,000 $ 3,704,000
$ 3,704,000 $ - $ 3,704,000 $ 3,704,000