Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards has been prepared on an accrual basis. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance and alsopresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR")Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards for all new federal awards received on or after December 26, 2014, and for fundingincrements (additional funding on existing awards) with modified terms and conditions that areawarded on or after that date, and OMB A-133 for federal awards made prior to December 26, 2014.Because the schedule of expenditures of federal awards presents only a selected portion of theoperations of CHE, it is not intended to, and does not present, the financial position, changes in netassets, or cash flows of CHE.
De Minimis Rate Used: N
Rate Explanation: CHE has elected not to use a de minimis indirect cost rate as allowed under the Uniform Guidance.The Organization utilizes a federally-approved indirect cost rate approved by its cognizant agency.
INTERMEDIARY RELENDING PROGRAM (10.767) - Balances outstanding at the end of the audit period were 1053448. RURAL MICROENTREPRENEUR ASSISTANCE PROGRAM (10.870) - Balances outstanding at the end of the audit period were 32726.