Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Basis of PresentationThis schedule includes the federal grant activity of Community for Affordable Senior Housing, Inc. underprograms of the federal government for the year ended December 31, 2022. The information presented inthis schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(the Uniform Guidance). Because the schedule presents only a selected portion of the operations ofCommunity for Affordable Senior Housing, Inc., it is not intended to and does not present the financialposition, changes in net assets, or cash flows of Community for Affordable Senior Housing, Inc.
De Minimis Rate Used: N
Rate Explanation: Summary of Significant Accounting Policies1) Expenditures are reported on the accrual basis of accounting except for the capital advance asdiscussed below.2) Community for Affordable Senior Housing, Inc.s federal award is not based on eligible costs incurred.Accordingly, Community for Affordable Senior Housing, Inc. has not made an election related to the useof the 10% de minimis indirect cost rate described in the Uniform Guidance.
Capital AdvanceExpenditures reported as capital advance represent the December 31, 2021 balance of a capital advancereceived in previous years for which the grantor imposes continuing compliance requirements. The balanceof the advance as of December 31, 2022 is $2,670,500.