Notes to SEFA
Title: CAPITAL ADVANCE
Accounting Policies: The information 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 Company does not use the 10% de minimis cost rate.
The amount of $1,003,800 reported for Assistance Listing Number 14.157 in expenditures relate to a U.S. Department of Housing and Urban Development - Supportive Housing for the Elderly - Section 202 Capital Advance. The ending balance of the advance is $1,003,800 at September 30, 2024.