Notes to SEFA
Title: Federal Loan Balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity
of the Authority and is presented in accordance with accounting principles generally accepted in the United States
of America, which is the same basis of accounting as the basic financial statements. 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 (Uniform
Guidance). Because the Schedule presents only a selected portion of our operations, it is not intended to and does
not present our financial position, changes in net positions, or cash flows.
De Minimis Rate Used: N
Rate Explanation: We have elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
We participate in housing programs where funds have been provided by Federal agencies as loans as presented
below:
Federal Program Loans CFDA No.
Beginning
Balance Additions
Amount
Included in
Expenditures
Ending
Balance
Farm Labor Housing Loans and Grants 10.405 $ 406,253 $ - $ 406,253 $ 386,464
$ 406,253 $ - $ 406,253 $ 386,464