Title: NOTE D
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Pocatello Neighborhood Housing Services, Inc., under programs of the federal government for the year ended December 31, 2022. 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 selected portion of the operations of Pocatello Neighborhood Housing Services, Inc., it is not intended to and does not present the financial position, changes, in net assets, or cash flows of Pocatello Neighborhood Housing Services, Inc.
De Minimis Rate Used: N
Rate Explanation: Pocatello Neighborhood Housing Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
NOTE D - U.S. Department of Housing and Urban DevelopmentThe criteria used to determine major financial assistance is the outstanding loan balances at December 31, 2022. The outstanding loan balance for the Self-Help Homeownership Opportunity Program as of December 31, 2022, is as follows:Beginning liability balance, January 1, 2022 $75,000 Release from Restriction (45,000)New loans made 60,000Ending restricted liability balance, December 31, 2022 $90,000
Title: NOTE E
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Pocatello Neighborhood Housing Services, Inc., under programs of the federal government for the year ended December 31, 2022. 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 selected portion of the operations of Pocatello Neighborhood Housing Services, Inc., it is not intended to and does not present the financial position, changes, in net assets, or cash flows of Pocatello Neighborhood Housing Services, Inc.
De Minimis Rate Used: N
Rate Explanation: Pocatello Neighborhood Housing Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
NOTE E - US Department of Treasury - CDFIThe CDFI Fund awarded PNHS $520,000 in 2020. The CDFI RRP award for $1,500,000 was received in June 2021, $750,000 of that amount was received on September 2021 and the remaining $750,000 was received in 2022.