Notes to SEFA
Title: Loan Balance
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Housing Agency of the City of Beatrice, Nebraska 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, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: 3. The entity did not elect to use the 10% de minimus cost rate as covered in § 200.414 Indirect (F&A) costs.
2. The outstanding balance of the Rural Rental Housing Loan balance at September 30, 2023 was $407,126.29.