Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Thomas Wilbur Homestead, Inc. and is presented on the accrual basis of accounting. The information
in the 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 . Therefore, some amounts presented in the Schedule may differ from
amounts presented in, or used in the preparation of the basic financial statements. The Section 811
program amount is reported as a capital advance for the duration of the compliance
period.
De Minimis Rate Used: Y
Rate Explanation: The auditee did use the de minimis cost rate.
SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES (14.181) - Balances outstanding at the end of the audit period were 832800.
Title: Note to the Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Thomas Wilbur Homestead, Inc. and is presented on the accrual basis of accounting. The information
in the 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 . Therefore, some amounts presented in the Schedule may differ from
amounts presented in, or used in the preparation of the basic financial statements. The Section 811
program amount is reported as a capital advance for the duration of the compliance
period.
De Minimis Rate Used: Y
Rate Explanation: The auditee did use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Thomas Wilbur Homestead, Inc. and is presented on the accrual basis of accounting. The
information in the 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. Therefore, some amounts presented in the Schedule
may differ from amounts presented in, or used in the preparation of the basic financial statements.
The Section 811 program amount is reported as a capital advance for the duration of the compliance
period.