Notes to SEFA
Title: Note 3-Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the "Schedule") includes the federal award activity of Habitat for Humanity of Greater Nashville under programs of the federal government for the year ended June 30, 2022. 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 ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of Habitat for Humanity of Greater Nashville, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Habitat for Humanity of Greater Nashville.
De Minimis Rate Used: N
Rate Explanation: Habitat for Humanity of Greater Nashville Service did not elect to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
Self-Help Homeownership Opportunity Program (14.247) - Balances outstanding at June 30, 2022 and included in the Schedule of Expenditures of Federal Awards totaled $45,224.