Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of The HousingAuthority of the City of Fredonia, Kansas and is presented on the accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of the Uniform Guidance and Kansas. Therefore, some amounts presented inthis schedule may differ from amounts presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 144747. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 151137. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 154671. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 236327.