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<br /> <br /> <br /> <br /> <br /> SANTA ANA EMPOWERMENT CORPORATION <br /> Note to the Schedule of Expenditures of Federal Awards <br /> Year Ended June 30, 2010 <br /> <br /> <br /> (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES <br /> <br /> (a) Scope of Presentation <br /> <br /> The accompanying schedule presents only the expenditures incurred by the Santa Ana Empowerment <br /> Corporation (Organization) that are reimbursable under federal programs for federal financial <br /> assistance. For purposes of this schedule, federal awards include federal financial assistance received <br /> from the Department of Housing and Urban Development (HUD) through the City of Santa Ana. Only <br /> <br /> the portion of program expenditures reimbursable with such federal funds is reported in the <br /> accompanying schedule. <br /> <br /> (b) Basis of Accounting <br /> <br /> The expenses included in the accompanying schedule were reported on the accrual basis of accounting, <br /> which is described in Note (1) to the Organization's financial statements. Expenses reported include <br /> any property or equipment acquisitions incurred under the federal program. <br /> <br /> (c) Subrecipients <br /> <br /> During the fiscal year ended June 30, 2010, the Organization made the following payments to <br /> subrecipients: <br /> <br /> The Cambodian Family $ 304,146 <br /> El Puente CDC (Kidwojks) 116,136 <br /> Santa Ana WORK Center - Daisy Wheel 520 <br /> <br /> Total $ 420,802 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 19G-25 <br />