Notes to SEFA
Title: Federal Loans
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awards activity of
the Corporation under programs of the federal government for the year ended June 30, 2023. The information in this
Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Because the Schedule presents only a selected portion of our operations, it is not intended to and does not present our
financial position, changes in net positions, or cash flows.
De Minimis Rate Used: N
Rate Explanation: The Project has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The following is the activity of federal loans for the year ended June 30, 2023:
Federal Program Loans CFDA No.
Beginning
Balance Additions
Amount
Included in
Expenditures
Supportive Housing for the Disabled (Section 811) 14.181 $960,031 $ - $ 960,031