Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Achievement Services for Northeast Kansas, Inc.s (the Organizations) schedule of expenditures of federalawards is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 769022.
Title: Federal Loan Balances
Accounting Policies: Achievement Services for Northeast Kansas, Inc.s (the Organizations) schedule of expenditures of federalawards is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Participation in the U.S. Department of Agriculture Rural Rental Housing Loan program (ALS 10.415) requires ongoing compliance requirements. As of June 30, 2022, the outstanding balance of the Organizations loan under this program was $769,022. In accordance with the requirements of Uniform Guidance, $784,504 of federal expenditures have been included in federal assistance above since this amount represents the beginning balance of the loan for the year ended June 30, 2022.
Title: Federal Loan Balances
Accounting Policies: Achievement Services for Northeast Kansas, Inc.s (the Organizations) schedule of expenditures of federalawards is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Participation in the U.S. Department of Agriculture Rural Rental Housing Loan program (ALS 10.415) requires ongoing compliance requirements. As of June 30, 2022, the outstanding balance of the Organizations loan under this program was $769,022. In accordance with the requirements of Uniform Guidance, $784,504 of federal expenditures have been included in federal assistance above since this amount represents the beginning balance of the loan for the year ended June 30, 2022.
Title: Subrecipients
Accounting Policies: Achievement Services for Northeast Kansas, Inc.s (the Organizations) schedule of expenditures of federalawards is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not provide any federally sourced funding or assistance to subrecipients.