Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of NOAH and Affiliates 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: Y
Rate Explanation: NOAH and Affiliates have elected to use the 10% de minimis cost rate for its Federal programs.
The Rent Supplements Rental Housing for Lower Income Families (AL No. 14.149) represents the balance due on a loan at December 31, 2024, which was the highest balance of the loan during 2024.