Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the costs principles contained in the OMB Circular A-122 and
Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
At December 31, 2023, Jason Lee Manor had the following loan outstanding. The loan is also included in the federal expenditures presented. Mortgage Insurance for the Purchase or Refinancing of
an Existing Multifamily Housing Project (Section 223f) 14.155 $ 3,384,731