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 arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. HomeFirst has elected not to use the10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 500000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 366197. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 251664. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 100000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 100000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 75000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 50000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 50000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 50000. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 11750. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 373500. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 332552. COMMUNITY DEVELOPMENT BLOCK GRANTS (14.218) - Balances outstanding at the end of the audit period were 50000.