Notes to SEFA
Title: SECTION 202 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 OMB Circular A-122 and
Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
At April 30, 2023, Jewish Community Housing Corporation had the following Section 202 capital
advance funds which are presented as long term debt. Capital advance is included in the federal
expenditures presented. Supportive Housing for the Elderly (Section 202) CFDA 14.157 Amount outstanding $ 291,775