Notes to SEFA
Title: SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY
Accounting Policies: THE ACCOMPANYING SCHEDULE OF FEDERAL FINANCIAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF MSAA JACKSONVILLE, INC. AND IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH TITLE 2 US CODE OF FEDERAL REGULATIONS (CFR) PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
THE BALANCE OF THE SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY CAPITAL ADVANCE AT JUNE 30, 2022 IS $934,700.