Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Agency has elected to not use the 10% de minimis cost rate for its Federal programs.
The Supportive Housing for Persons with Disabilities expenditures listed above include loan balances totaling $1,234,815 as of June 30, 2024. The Home Investment Partnerships Program expenditures listed above include a loan balance totaling $87,000 as of June 30, 2024.