Notes to SEFA
Title: Federal Permanent Financing
Accounting Policies: The information is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Housing Services does not use the 10% de minimis election.
The amount reported for Assistance Listing Number 10.766 in expenditures relate to Federal loan financing. The ending balance of this loan amounted to $833,444 at August 31, 2023.