Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis cost rate.
BALANCE OF HOME INVESTMENT PARTNERSHIP LOANS AS OF DECEMBER 31, 2023 (14.239) - The balance of the HOME Investment Partnership Loans at December 31, 2023 is $1,375,441
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis cost rate.
BALANCE OF FARM LABOR HOUSING LOANS AS OF DECEMBER 31, 2023 (10.415) - The balance of the Farm Labor Housing loans at December 31, 2023 is $4,149,980