Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal, state and local awards is presented on the accrual basis of accounting. The amounts reported on this schedule may differ from certain financial reports submitted to federal, state or local agencies due to those reports being submitted on either the cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 350000. SUPPORTIVE HOUSING PROGRAM (14.235) - Balances outstanding at the end of the audit period were 316800.