Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY - Balance of capital advance as of July 1, 2023, under
Section 202 of the Housing Act of 1959 (14.157) - Balances outstanding at the end of the audit period were 1504800.