Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY - BALANCE OF CAPITAL ADVANCE AS OF OCTOBER 1, 2021, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (14.157) - Balances outstanding at the end of the audit period were 2700650.