Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the costprinciples obtained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10 percent de minimis indirect cost rate.
SECTION 232/223 (F) GUARANTEED/ INSURED LOAN (14.134) - Balances outstanding at the end of the audit period were 1375508.
Title: Basis of Presentation
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the costprinciples obtained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10 percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Hershey Manor Project No. 074-EH066-WAH-L8 and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in the preparation of, the basic financial statements.