Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 1. The Schedule of Expenditures of Federal Awards includes the federal grant activity for the year ended June 30, 2022 and is presented in accordance with generally accepted accountingprinciples. The information in this schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1788942.