Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis cost rate for its Federal programs.
The Supportive Housing for Persons with Disabilities expenditures listed above includes an outstanding capital advance of $2,107,840 as of June 30, 2024.