Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1 The accompanying Schedule of Expenditures of Federal Awards includes the Federalgrant activity of Habitat, and is presented on the accrual basis of accounting. Theinformation in this schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples and Audit Requirements for Federal Awards ("Uniform Guidance").Therefore, some amounts presented in this schedule may differ from amounts presentedin, or used in the preparation of, the basic financial statements.Note 2 Management has reported that expenditures in the Schedule of Expenditures of FederalAwards are equal to or derived from those amounts reported in the annual or final costreports. Unallowed differences, if any, have been disclosed to the auditor.Note 3 The financial reports, including claims for advances and reimbursements, and amountsclaimed or used for matching are timely, complete, accurate and contain information thatis supported by the books and records from which the financial statements have beenprepared.Note 4 Habitat did not use the 10% de minimis indirect cost rate allowed under the UniformGuidance.Note 5 The balance of the Assistance Listing 10.766 United States Department of Agricultureloan at December 31, 2022 was $949,484.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 949484.