Notes to SEFA
Title: Loan Program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations or the cost principles in Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Assistance Listing Number: 14.235, Supportive Housing Program, Loans Outstanding December 31, 2022: $320,000, Loans Awarded for the Year Ended December 31, 2023: $0, Loan Principal Forgiven for the Year Ended December 31, 2023: $40,000, Loans Outstanding at December 31, 2023: $280,000. Assistance Listing Number: 14.239, Program Name: HOME Investment Partnerships Program, Loans Outstanding at December 31, 2022: $4,220,000, Loans Awarded for the Year Ended December 31, 2023: $0, Loan Principal Forgiven for the Year Ended December 31, 2023: $0, Loans Outstanding at December 31, 2023: $4,220,000. Assistance Listing Number: 14.241, Program Name, Housing Opportunities for Persons with AIDS, Loans Outstanding at December 31, 2022: $125,150, Loans Awarded for the Year Ended December 31, 2023: $0, Loan Principal Forgiven for the Year Ended December 31, 2023: $0, Loans Outstanding at December 31, 2023: $125,150.