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 expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Bnai Brith Apartments of DeerfieldBeach III, Inc. has elected not to use the 10 percent de minimus indirect cost rate allowed under theUniform Guidance. There are no subrecipients for this federal award.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SECTION 202 DIRECT LOAN (14.157) - Balances outstanding at the end of the audit period were 9854000.