Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Agency 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate for its Federal Programs.
The Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects expenditures listed above consists of a loan balance outstanding of $663,405 as of June 30, 2024.
The Supportive Housing for Persons with Disabilities expenditures listed above consist of a loan balance outstanding of $649,300 as of June 30, 2024.
Title: Federal Award Assistance Listing 10.551
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Agency 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate for its Federal Programs.
Federal Award Assistance Listing 10.551 with award amount of $227,341 represents food stamps.