Title: Loan/loan guarantee outstanding balances - Farm Labor Housing Loan
Accounting Policies: General The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of City of Yakima (YHA). YHAs reporting entity is defined in note 1 to the basicfinancial statements. YHAs basic financial statements include the operations of Yakima Affordable Housing, LLLP, discretelypresented component units, which received $857,619 in federal awards which are not included in YHAs schedule of expenditures of federal awards for the year ended December 31, 2022.Basis of Accounting The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. Revenues are recognized when program costs have been incurred or when revenues haveotherwise been earned.Indirect cost rate YHA has elected not to use the deminimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures shown consist of loan funds received and expended in the Cosecha Court development. The total balance of the loan outstanding at December 31, 2022 was $151,362.
Title: Loan/loan guarantee outstanding balances - Farm Labor Housing Loan
Accounting Policies: General The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of City of Yakima (YHA). YHAs reporting entity is defined in note 1 to the basicfinancial statements. YHAs basic financial statements include the operations of Yakima Affordable Housing, LLLP, discretelypresented component units, which received $857,619 in federal awards which are not included in YHAs schedule of expenditures of federal awards for the year ended December 31, 2022.Basis of Accounting The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. Revenues are recognized when program costs have been incurred or when revenues haveotherwise been earned.Indirect cost rate YHA has elected not to use the deminimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures shown consist of loan funds received and expended in theValley Seven development. The total balance of the loan outstanding at December 31, 2021 was $3,360,567.
Title: Loan/loan guarantee outstanding balances - Rural Rental Housing
Accounting Policies: General The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of City of Yakima (YHA). YHAs reporting entity is defined in note 1 to the basicfinancial statements. YHAs basic financial statements include the operations of Yakima Affordable Housing, LLLP, discretelypresented component units, which received $857,619 in federal awards which are not included in YHAs schedule of expenditures of federal awards for the year ended December 31, 2022.Basis of Accounting The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. Revenues are recognized when program costs have been incurred or when revenues haveotherwise been earned.Indirect cost rate YHA has elected not to use the deminimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures shown consist of loan funds received and expended in the HarmonyPark development. The total balance of the loan outstanding at December 31, 2022 was $655,005.
Title: MPR Loan Fund Demonstration Program
Accounting Policies: General The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of City of Yakima (YHA). YHAs reporting entity is defined in note 1 to the basicfinancial statements. YHAs basic financial statements include the operations of Yakima Affordable Housing, LLLP, discretelypresented component units, which received $857,619 in federal awards which are not included in YHAs schedule of expenditures of federal awards for the year ended December 31, 2022.Basis of Accounting The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. Revenues are recognized when program costs have been incurred or when revenues haveotherwise been earned.Indirect cost rate YHA has elected not to use the deminimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures shown consist of loan funds received as a pass through from the Office of Rural and Farmworker Housing and expended in the Valley Seven development. The total balance of the loan outstanding at December 31, 2022 was $175,947.
Title: MPR Loan Fund Demonstration Program and Farm Housing - Loan and Grants
Accounting Policies: General The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of City of Yakima (YHA). YHAs reporting entity is defined in note 1 to the basicfinancial statements. YHAs basic financial statements include the operations of Yakima Affordable Housing, LLLP, discretelypresented component units, which received $857,619 in federal awards which are not included in YHAs schedule of expenditures of federal awards for the year ended December 31, 2022.Basis of Accounting The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. Revenues are recognized when program costs have been incurred or when revenues haveotherwise been earned.Indirect cost rate YHA has elected not to use the deminimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures shown consist of loan funds received and expended in the Valley Sevendevelopment. The total balance of the loan outstanding at December 31, 2021 was $1,542,592.
Title: Subrecipients
Accounting Policies: General The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of City of Yakima (YHA). YHAs reporting entity is defined in note 1 to the basicfinancial statements. YHAs basic financial statements include the operations of Yakima Affordable Housing, LLLP, discretelypresented component units, which received $857,619 in federal awards which are not included in YHAs schedule of expenditures of federal awards for the year ended December 31, 2022.Basis of Accounting The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. Revenues are recognized when program costs have been incurred or when revenues haveotherwise been earned.Indirect cost rate YHA has elected not to use the deminimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Yakima Housing Authority does not have any subrecipients.