Notes to SEFA
Title: Loan/loan guarantee outstanding balances
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 Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimubursement.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - BALANCES OUTSTANDING AT THE END OF THE AUDIT PERIOD WERE 1278135
Title: Loan/loan guarantee outstanding balances
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 Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimubursement.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - BALANCES OUTSTANDING AT THE END OF THE AUDIT PERIOD WERE 1899512
Title: Loan/loan guarantee outstanding balances
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 Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimubursement.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - BALANCES OUTSTANDING AT THE END OF THE AUDIT PERIOD WERE 1849143