Notes to SEFA
Title: Loans Outstanding
Accounting Policies: Expenditures included on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Town of Peterborough has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Town of Peterborough had an outstanding loan balance at June 30, 2023 for CFDA No. 66.468: Capitalization Grants for Drinking Water State Revolving Fund of $925,877. The loans made during the fiscal year included the federal expenditures presented on Exhibit 22.