Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note A - Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of , d/b/a Sunshine Village Apartments, , under programs of the federal government for the year ended December 31, 2022. The information in this 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of , d/b/a Sunshine Village Apartments, it is not intended to and does not present the financial position, changes in net assets, or cash flows of , d/b/a Sunshine Village Apartments.NOTE B Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. , d/b/a Sunshine Village Apartments, has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
SECTION 538 RURAL RENTAL HOUSING GUARANTEED LOANS (10.438) - Balances outstanding at the end of the audit period were 620307. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 177623. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 8575.