Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note A: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
CAPITALIZATION GRANTS FOR CLEAN WATER STATE REVOLVING FUNDS (66.458) - Balances outstanding at the end of the audit period were 23630611. CAPITALIZATION GRANTS FOR CLEAN WATER STATE REVOLVING FUNDS (66.458) - Balances outstanding at the end of the audit period were 4232294.
Title: All Loans
Accounting Policies: Note A: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Note B: At June 30, 2022, there was an outstanding balance of $5,604,645, $23,630,611 and $4,232,294 on state revolving fund loans 16-360, 19-422 & 20-447,respectively. Payments during the current fiscal year were $229,320, $1,154,716 & $0 on 16-360, 19-422 and 20-447, respectively.
Title: Other note
Accounting Policies: Note A: The Schedule of Expenditures of Federal and State Awards was prepared using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
USDOJ United States Department of Justice TDFA Tennessee Department of Finance and AdministrationUSDOT United States Department of Transportation TDOT Tennessee Department of TransportationEPA United States Environmental Protection Agency TDEC Tennessee Department of Environment and ConservationUSDT United States Department of Treasury TDOA Tennessee Department of Agriculture Forestry