Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grantactivity of Marion-Dillon-Florence CDC, Inc. and is presented on the accrual basis ofaccounting. The information in this schedule is presented in accordance with therequirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of theoperations of Marion-Dillon-Florence CDC, Inc. it is not intended to and does not presentthe financial position, changes in net assets, or cash flows of Marion-Dillon-FlorenceCDC, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES (14.181) - Balances outstanding at the end of the audit period were 793100.