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.