Notes to SEFA
Title: Outstanding Loans
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 Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Eastport Non-Profit Housing Corporation has elected not to use the 10
percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
See Notes to SEFA for Chart/Table