Notes to SEFA
An extensive compliance test, as required by Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), was performed on the Rural Rental Housing Loans program, which represents 86% of the total expenditures reflected on the Schedule of Federal Financial Assistance. The 20% of coverage test for a low risk auditee was satisfied as follows: Rural Rental Housing Loans 10.415 $923,211; Rural rental Assistance Payments 10.427 $144,805; Minimum Amount Which Must Be Tested $1,068,016 times 20% totals $213,603. The Rural Rental Housing Loans program exceeds $213,603, and, therefore, represents the only program to which thespecific compliance requirements must be applied.
The Rural Rental Housing Loans program outstanding loan balance as of September 30,2025 is $920,028.