Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: This schedule includes the federal awards of Garfield County Senior Housing Corp., and ispresented on the accrual basis of accounting. The information in this schedule is presentedin accordance with the requirements of the Uniform Guidance; Title 2 US Codeof Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles,and Audit Requirements for Federal Awards
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOAN (10.U01) - Balances outstanding at the end of the audit period were 1176027. RURAL RENTAL HOUSING LOAN (10.U02) - Balances outstanding at the end of the audit period were 157207.