Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: BASIS OF PRESENTATIONThe schedule of expenditures of federal awards presents the activity of federal awardprograms administered by Northwest Estates 811 II, which is described in the footnotesto the Organizations accompanying financial statements, using the accrual basis ofaccounting. Federal awards that are included in the schedule may be received directlyfrom federal agencies, as well as federal awards that are passed through from othergovernment agencies. The information in this schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Therefore some amounts presented in this schedule maydiffer from the amounts presented in, or used in the preparation of, the basic financialstatements. Because the schedule presents only a selected portion of the operations ofNorthwest Estates 811 II, it is not intended to and does not present the financial position,changes in net assets or cash flows of Northwest Estates 811 II.
De Minimis Rate Used: N
Rate Explanation: Northwest Estates 811 II has not elected to use the 10% de minimis indirect cost rate.
Northwest Estates 811 II received federal loans totaling $1,989,200 to finance the project.The amount listed for this loan includes the proceeds used during the year and theoutstanding loan balance from prior years. As of December 31, 2022 and 2021, the loanbalance was $1,989,200 and $1,989,200, respectively.
Title: SUB-RECIPIENTS
Accounting Policies: BASIS OF PRESENTATIONThe schedule of expenditures of federal awards presents the activity of federal awardprograms administered by Northwest Estates 811 II, which is described in the footnotesto the Organizations accompanying financial statements, using the accrual basis ofaccounting. Federal awards that are included in the schedule may be received directlyfrom federal agencies, as well as federal awards that are passed through from othergovernment agencies. The information in this schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Therefore some amounts presented in this schedule maydiffer from the amounts presented in, or used in the preparation of, the basic financialstatements. Because the schedule presents only a selected portion of the operations ofNorthwest Estates 811 II, it is not intended to and does not present the financial position,changes in net assets or cash flows of Northwest Estates 811 II.
De Minimis Rate Used: N
Rate Explanation: Northwest Estates 811 II has not elected to use the 10% de minimis indirect cost rate.
No amounts were provided to subrecipients.