Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe Schedule of Expenditures of Federal Awards includes the federal grant activity of The FordStreet Project and is presented on the accrual basis. The information in this schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). The amounts reported in the accompanying Schedule of Expenditures of FederalAwards agree, in all material respects, to amounts reported within The Ford Street Projects financialstatements.NOTE 2 - FEDERAL ASSISTANCE LISTING NUMBERSThe Federal assistance listing number included in the accompanying Schedule of Expenditures ofFederal and State Awards was determined based on the program name, review of the awardcontract, and the Office of Management and Budgets Federal assistance listing numbers.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 933611.