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 OMB Circular A-122, Cost Principles for Nonprofit Organizations or 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 Corporation has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The following is the activity of the capital advance for the year ended June 30, 2023: Assistance Listing Number: 14.157, Program Name: Supportive Housing for the Eldery - Section 202: Capital Grant Agreement, Outstanding June 30, 2022: $1,186,400, Advance for the Year Ended June 30, 2023, $0, Loan Principal Repaid for the Year End June 30,2023, $0, Outstranding June 30, 2023, $1,186,400.