Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Agency 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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects expenditures listed above consists of a loan balance outstanding of $671,226 as of June 30, 2022. The Supportive Housing for Persons with Disabilities expenditures listed above consist of a loan balance outstanding of $649,300 as of June 30, 2022. The Home Investment Partnerships Program expenditures listed above consist of loan balances outstanding of $323,892 as of June 30, 2022.
Title: Award 10.551
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Agency 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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The award listing number 10.551 $195,667 represents food stamps.