Notes to SEFA
Title: Loan/Loan Guarantee Outstanding Balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of The Antonian, Ltd. d/b/a Antonian Towers (the "Organization") and is prepared using the accural basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Mortgage insurance for the purchase or refinancing of exisiting multifamily housing projects (14.155) - Balance outstanding at the end of the audit period were 2,428,158.