Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 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 are limited as to reimbursement.Montana Mobility Impaired Housing, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SECTION 223(F) INSURED MORTGAGE (14.155) - Balances outstanding at the end of the audit period were 1072840.