Title: 1. Significant Accounting Policies
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA)
includes all federal grant activity and certain loan activity of Central City Concern and Other Entities
(collectively, the Organization). The SEFA is presented using the accrual basis of accounting in
accordance with accounting principles generally accepted in the United States of America. The
information in the SEFA 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 SEFA presents only a selected
portion of the operations of the Organization, it is not intended to and does not present the
consolidated financial position, changes in net assets, or cash flows of the Organization. Therefore,
some amounts presented in the SEFA may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
Pass-through entity identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
Indirect Cost Rate - The Organization has not elected to use the 10 percent de minimis indirect cost
rate under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization used their provisional indirect cost rate based on their agreement dated 6.10.2022.
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA)
includes all federal grant activity and certain loan activity of Central City Concern and Other Entities
(collectively, the Organization). The SEFA is presented using the accrual basis of accounting in
accordance with accounting principles generally accepted in the United States of America. The
information in the SEFA 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 SEFA presents only a selected
portion of the operations of the Organization, it is not intended to and does not present the
consolidated financial position, changes in net assets, or cash flows of the Organization. Therefore,
some amounts presented in the SEFA may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
Pass-through entity identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
Indirect Cost Rate - The Organization has not elected to use the 10 percent de minimis indirect cost
rate under the Uniform Guidance.
Title: 2. Federal Loan Programs
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA)
includes all federal grant activity and certain loan activity of Central City Concern and Other Entities
(collectively, the Organization). The SEFA is presented using the accrual basis of accounting in
accordance with accounting principles generally accepted in the United States of America. The
information in the SEFA 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 SEFA presents only a selected
portion of the operations of the Organization, it is not intended to and does not present the
consolidated financial position, changes in net assets, or cash flows of the Organization. Therefore,
some amounts presented in the SEFA may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
Pass-through entity identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
Indirect Cost Rate - The Organization has not elected to use the 10 percent de minimis indirect cost
rate under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization used their provisional indirect cost rate based on their agreement dated 6.10.2022.
Certain amounts reported in the accompanying SEFA include pass-through loan proceeds received by the Organization as follows:
14.218, Community Development Block Grants / Entitlement Grants, $ 190,706
14.239, Home Investment Partnerships Program, 1,500,000
14.241, Housing Opportunities for Persons with AIDS, 657,000
Total: $ 2,347,706