Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: This schedule is prepared on the same basis of accounting as the Project's financial statements. The Project uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee 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 1409364. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 748754.