Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the Federal grant activity of Yampa Valley Housing Authority(the "Authority") and is presented on the modified accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance").Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation ofthe general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate allowed in ?200.414, Indirect (F&A) Costs , of theUniform Guidance.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1087025.
Title: sub recipients:
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the Federal grant activity of Yampa Valley Housing Authority(the "Authority") and is presented on the modified accrual basis of accounting. The information in this schedule ispresented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance").Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation ofthe general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis cost rate allowed in ?200.414, Indirect (F&A) Costs , of theUniform Guidance.
The Authority did not provide any federal funds listed in the Schedule of Expenditures of Federal Awards tosub-recipients.