Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY - BALANCE OF HUD CAPITAL ADVANCE UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (14.157) - Balances outstanding at the end of the audit period were 6585200.
Title: HOME INVESTMENT PARTNERSHIPS PROGRAM BALANCE
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The balance of the HOME Investment Partnerships Program at June 30, 2022 is $144,250.