Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The expenditures included in the accompanying schedule were reported on the modifiedaccrual basis of accounting. Under the modified accrual basis of accounting, expendituresare recognized when the agency becomes obligated for payment as a result of the receipt ofthe related goods and services. Expenditures reported include any property or equipmentacquisitions incurred under the federal program. Such expenditures are recognized followingthe cost principles contained in the Uniform Guidance for all awards with the exception ofAssistance Listing 21.019, which follows criteria determined by the Department of Treasuryfor allowability of costs. Under these principles, certain types of expenditures are notallowable or are limited as to reimbursement. Negative amounts shown on the Schedulerepresent adjustments or credits made in the normal course of business to amountsreported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Los Angeles Homeless Services Authority did not elect to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Los Angeles Homeless Services Authority under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of LAHSA, it is not intended to, and does not present the financial position, changes in net position, or cash flows of LAHSA.
Title: SUBRECIPIENT EXPENDITURES
Accounting Policies: The expenditures included in the accompanying schedule were reported on the modifiedaccrual basis of accounting. Under the modified accrual basis of accounting, expendituresare recognized when the agency becomes obligated for payment as a result of the receipt ofthe related goods and services. Expenditures reported include any property or equipmentacquisitions incurred under the federal program. Such expenditures are recognized followingthe cost principles contained in the Uniform Guidance for all awards with the exception ofAssistance Listing 21.019, which follows criteria determined by the Department of Treasuryfor allowability of costs. Under these principles, certain types of expenditures are notallowable or are limited as to reimbursement. Negative amounts shown on the Schedulerepresent adjustments or credits made in the normal course of business to amountsreported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Los Angeles Homeless Services Authority did not elect to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the fiscal year ended June 30, 2022, LAHSA disbursed $195,516,394 of grant funds to subrecipients to be used for allowable expenditures provided in the grant agreements. Payments to subrecipients consisted of the following: Continuum of Care Program $25,176,262; Community Development Block Grant $152,000; COVID-19 Emergency Solutions Grant Program $149,246,911; Temporary Assistance for Needy Families $10,520,481; Chafee Foster Care Independence Program $934,684; COVID-19 Coronavirus Relief Fund $9,486,056.