Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
The schedule of expenditures of federal awards includes the federal grant activity of J.A.M.I.
Douglas Housing Inc. for Douglas Terrace - HUD Project No. 176-HD009 and is
presented on the accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of Title 2 Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards.
J.A.M.I. Douglas Housing, Inc. has elected not to use the 10% de minimis indirect cost rate.
J.A.M.I. Douglas Housing, Inc. has a capital advance included on the schedule of expenditures
of federal awards representing a loan balance of $2,061,800 as of June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: J.A.M.I. Douglas Housing, Inc. has elected not to use the 10% de minimis indirect cost rate.