Notes to SEFA
Title: Loan
Accounting Policies: Please refer to the reporting package to view the text as intended. Notes A and B describe the Basis of Presentation and the Summary of Significant Accounting Policies.
De Minimis Rate Used: N
Rate Explanation: Allowable facilities and administrative costs that benefit all programs and cannot be identified to a specific program are allocated using a specifically identified base that results in an equitable distribution of costs.
Please refer to the reporting package to view the text as intended. Note D describes the loan and outstanding balance as of 12/31/22.
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Please refer to the reporting package to view the text as intended. Notes A and B describe the Basis of Presentation and the Summary of Significant Accounting Policies.
De Minimis Rate Used: N
Rate Explanation: Allowable facilities and administrative costs that benefit all programs and cannot be identified to a specific program are allocated using a specifically identified base that results in an equitable distribution of costs.
HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 360000.