Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1 - Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of SingingRiver Electric Cooperative and Subsidiary (the Cooperative) under programs of the federal government forthe year ended December 31, 2022. Expenditures reported on the schedule are reported on the accrualbasis of accounting. The information in this schedule is presented in accordance with requirements of Title2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presentedin this schedule may differ from the amounts presented in, or used in the preparation of, the financialstatements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL ELECTRIFICATION LOANS AND LOAN GUARANTEES (10.850) - Balances outstanding at the end of the audit period were 78330969.