Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Mount Moriah Senior Housing, Inc., HUD Project No. 122-EE043-WAH-NP under programs of the federal government for the year ended June 30, 2021. The information is presented on the accrual of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The entity 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 4030000. PROJECT RENTAL ASSISTANCE CONTRACT (14.157) - Balances outstanding at the end of the audit period were 139390. HOUSING COMMUNITY DEVELOPMENT BLOCK GRANT (14.219) - Balances outstanding at the end of the audit period were 641193.