Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 1. The accompanying schedule of Federal Awards includes the Federal Award activity of Brentwood 202 Senior Housing, Inc. under the programs of the Federal Government for the year ended June 30, 2022. 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 Requirements for Federal Awards (Uniform Guidance). 2. The accrual basis of accounting is used for expenditures of Federal Awards. 3. $3,406,500 Housing for the Elderly Loan on October 1, 1996, due to the U.S. Department of Housing & Urban Development (HUD), 0% interest, due December 1, 2037, continuing tenant eligibility requirements. $400,000 CDBG & HOME loans on October 17, 1996, due June 30, 2047 to the County of Contra Costa, continuing tenant eligibility requirements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 3406500. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 135000. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 265000.