Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note A-Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Valle Del Desierto HUD Project No. 123-EE101, 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Valle Del Desierto, it is not intended to and does not present the financial position, change in net assets, or cash flows of Valle Del Desierto.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 5373500.