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 Allegria
Court, Inc. and 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 of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of the basic
financial statements. The Section 202 program amount is reported as a capital advance during the entire
compliance period.
De Minimis Rate Used: Y
Rate Explanation: The Auditee used the de minimis cost rate.
Supportive Housing for the Elderly(14.157)- Balances outstanding at the end of the audit period were $5,085,300