Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in OMB Circular A-122, "Cost Principles for Non-Profit Organizations" and/or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or as limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
MORTGAGE INSURANCE_RENTAL AND COOPERATIVE HOUSING FOR MODERATE INCOME FAMILIES AND ELDERLY, MARKET INTEREST RATE (14.135) - Balances outstanding at the end of the audit period were 216149. HUD MULTI-FAMILY ASSISTED HOUSING REFORM & AFFORDABILITY ACT MARK-TO-MARKET PROGRAM MORTGAGE RESTRUCTURING NOTE (14.197) - Balances outstanding at the end of the audit period were 286366. HUD MULTI-FAMILY ASSISTED HOUSING REFORM & AFFORDABILITY ACT MARK-TO-MARKET PROGRAM CONTINGENT REPAYMENT NOTE (14.197) - Balances outstanding at the end of the audit period were 483196.