Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Single Audit 12-31-22 (SNAP) 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COLLINS APARTMENTS LOAN (14.239) - Balances outstanding at the end of the audit period were 141644. 2108 E. FIRST AVENUE LOAN (14.239) - Balances outstanding at the end of the audit period were 62045. RIVERWALK POINT I LOAN (14.239) - Balances outstanding at the end of the audit period were 1086611. RIVERWALK POINT I LOAN (14.239) - Balances outstanding at the end of the audit period were 120018. ALEXANDRIA APARTMENTS LOAN (14.239) - Balances outstanding at the end of the audit period were 508224. ALEXANDRIA APARTMENTS LOAN (14.239) - Balances outstanding at the end of the audit period were 145888. PATRICIAN APARTMENTS LOAN (14.239) - Balances outstanding at the end of the audit period were 197500. COMMUNITY DEVELOPMENT LOAN (14.239) - Balances outstanding at the end of the audit period were 482304. RIVERWALK POINT I LOAN (14.239) - Balances outstanding at the end of the audit period were 0. REPUBLIC USDA RRH LOAN (10.415) - Balances outstanding at the end of the audit period were 7881. WOODHAVEN USDA RRH LOAN (10.415) - Balances outstanding at the end of the audit period were 139685.