Title: Amounts Paid to Subrecipients
Accounting Policies: NOTE 1: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of A New Leaf, Inc. and Subsidiary 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 a selected portion of the operations of A New Leaf, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of A New Leaf, Inc. and Subsidiary.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no amounts paid to subrecipients for the year ended December 31, 2022.
Title: De Minimis Cost Rate
Accounting Policies: NOTE 1: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of A New Leaf, Inc. and Subsidiary 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 a selected portion of the operations of A New Leaf, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of A New Leaf, Inc. and Subsidiary.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended December 31, 2022, A New Leaf, Inc. and Subsidiary did not use the 10% de minimis cost rate.
Title: Loan Program
Accounting Policies: NOTE 1: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of A New Leaf, Inc. and Subsidiary 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 a selected portion of the operations of A New Leaf, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of A New Leaf, Inc. and Subsidiary.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Housing Trust Fund listed subsequently is passed through the Oklahoma Housing Finance Agency. The balances and transactions related to this program are included in A New Leaf, Inc. and Subsidiary’s consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2022, consists of:
Assistance
Listing Number Program Name Loan Balance at
December 31, 2022
14.275 Housing Trust Fund $1,042,576