Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1 Summary of Significant Accounting Policies Basis of Presentation - This schedule includes the activity of NBC Housing, Inc., Hillside GulfportManor and is presented on the accrual basis of accounting. The information in this schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance).Indirect Cost Rate Hillside Gulfport Manor did not use the de minimis cost rate.Loan/Loan Guarantee Outstanding Balance - Supportive Housing for the Elderly Capital Advance -The balance outstanding at the end of the audit period was $3,107,975.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 3107975.