Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. such expenditures are recognized following the cost principles contained in the OMB circular A-122, Cost Principles for Non-Profit Organizations and the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Samaritan House has elected not to use the 10% de minimus indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 100000.