Notes to SEFA
Title: LOAN OUTSTANDING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of South Metro Human Services d/b/a RADIAS Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of South Metro Human Services d/b/a RADIAS Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of South Metro Human Services d/b/a RADIAS Health.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The expenditures of federal award listed above for Assistance Listing Number 14.218 represent the loan balance outstanding as of June 30, 2024, in the amount of $100,000.