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 AHC,Inc. and its Affiliates and Subsidiaries under programs of the federal government for the year ended December31, 2022. The information in this schedule is presented in accordance with the requirements of the UniformGuidance. The financial statements of certain subsidiaries and affiliates included in the consolidated andcombined financial statements were not audited in accordance with Government Auditing Standards and arenot subject to the requirements of the Uniform Guidance as discussed in Note 32 to the consolidated andcombined financial statements. Because the Schedule presents only a selected portion of the operations of AHC,Inc. and its Affiliates and Subsidiaries, it is not intended to and does not present the financial position, changesin net assets or cash flows of AHC, Inc. and its Affiliates and Subsidiaries.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedulerepresent adjustments or credits made in the normal course of business to amounts reported as expenditures inprior years. Passthrough entity identifying numbers are presented where applicable. The Organization haselected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 6195391. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 1500000. NEIGHBORHOOD STABILIZATION PROGRAM (RECOVERY ACT FUNDED) (14.256) - Balances outstanding at the end of the audit period were 662239.