Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards 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, using the accrual basis of accounting. Therefore, some amounts presented in this schedule may differ from amounts presented in the financial statements. The Authority does not charge a de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10% de minimis cost rate allowed in Part 200.414, Indirect (F&A) Costs, of the Uniform Guidance.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 455317. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 410955.