Notes to SEFA
Title: Subrecipients
Accounting Policies: Basis of presentation. the Schedule of Expenditures of Federal Awards ("the Schedule") presents the federal awards activity of the Authority under programs of the federal government for the year ended September 30, 2022. Federal awards received directly from the federal agencies, as well as federal awards passed through from other governmental agencies or other organizations are included in the Schedule. The Information in the 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"). As the schedule presents only the federal awards activity of the Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of the Authority as a whole. The expenditures reported in the Schedule are reported on the accrual basis of accounting. Suh 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 reimbursements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate.
The awards received under the CalWORKS Housing Support Program, FAL No. 93.558 are passed through to Knowledge, Education for Your Success ("KEYS"), a not-for-profit entity affiliated with the Authority, less an administrative personnel allocation portion of approximately less than 1% which is retained by the Authority.