Notes to SEFA
Title: Capital Advance
Accounting Policies: The information is presented on the accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Company does not use the 10% de minimis cost rate.
The amount of $1,003,800 reported for Assistance Listing Number 14.157 in expenditures relateto a U.S. Department of Housing and Urban Development - Supportive Housing for theElderly - Section 202 Capital Advance. The ending balance of the advance is $1,003,800 atSeptember 30, 2022. The amount of $179,512 reported for Assistance Listing Number14.239 in expenditures relate to a Buffalo Urban Renewal Agency Home InvestmentPartnerships Program loan. The ending balance of this loan is $179,512 at September 30,2022.