Notes to SEFA
Title: Loan/loan Guarantee outstanding balances
Accounting Policies: The accompanying schdule of expenditures of federal awards (the schedule) includes the federal grant activity Family Center of Washington County, Inc. Under programs of the federal government for thet year end June 30, 2023. The information in this schedule 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 Schedule presents only a selected portion of the operations of Family Center of Washington County, Inc., it is not intended to and does not present the finacial position, changes in net assets, or cash flows of Family Center of Washington County, Inc.
De Minimis Rate Used: N
Rate Explanation: Family Center of Washington County, Inc. has elected not to use the 10 percent de miminis indirect cost rate allowed under the Uniform Guidance.
Community Facilities loan and grants (10.766) - balances outstanding at the end of the audit period were $1,069,617