Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the Federal grant activity of Carbondale Senior Housing Corporation Phase V, dba Crystal Meadows V ("CSHC Phase V") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, Part 200, Uniform Administrative 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 of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: CSHC Phase V has elected not to use the 10% de minimis cost rate allowed in ?200.414, Indirect (F&A) Costs , of the Uniform Guidance.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 2041300.