Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: This schedule is prepared on the same basis of accounting as the Authoritys financial statements. The Authority uses U.S. Generally Accepted Accounting Principles and the accrual basis of accounting.
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 347732. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 945652. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 276943. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 754379. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 1775000. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 777991. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 1173787.
Title: Program Costs
Accounting Policies: This schedule is prepared on the same basis of accounting as the Authoritys financial statements. The Authority uses U.S. Generally Accepted Accounting Principles and the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Except as noted in the next paragraph the amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Authoritys portion, may be more than shown.The amounts shown on the schedule for the Housing Voucher Program (Assistance Listing No. 14.871) represent amounts received by the Authority. Actual expenditures of the grant funds during the period were $11,161,390.