Notes to SEFA
Title: Capital Advance:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such 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 reimbursement. Pass through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following is the activity of the capital advance for the year ended December 31, 2022:Assistance Listing Number:14.157, Program Name: Supportive Housing for the Elderly: Capital Advance, Advance Outstanding December 31, 2021, $6,808,515, Advance Awarded for the Year Ended December 31, 2022,$0, Advance Repaid for the Year Ended December 31, 2022,$0, Advance Outstanding December 31, 2022, $6,808,515.