Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: FINANCIAL STATEMENT PRESENTATIONNet assets are classified based on the existence or absence of donor-imposed restrictions.Accordingly, net assets and changes therein are classified and reported as follows:Net Assets Without Donor RestrictionsNet assets available for use in general operations and not subject to donor restrictions.Net Assets With Donor RestrictionsNet assets subject to donor-imposed restrictions. Some donor restrictions are temporary innature, such as those that will be met by the passage of time or other events specified by thedonor. Other donor-imposed restrictions are perpetual in nature, where the donor stipulatesthat resources be maintained in perpetuity. Donor-imposed restrictions are released whena restriction expires, that is when the stipulated time has elapsed, when the stipulatedpurpose for which the resource was restricted has been fulfilled, or both. BASIS OF ACCOUNTINGAHA! uses the accrual method of accounting which recognizes revenue when earned andexpenses when incurred. See additional notes in report foot notes
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 171857. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 153500. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 40000. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 140810. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 180880. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 292973. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 30000. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 1147476. HOUSING TRUST FUND (14.275) - Balances outstanding at the end of the audit period were 205287.