Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1- Basis of PresentationThe accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accountingand includes the HUD insured loan of Columbia Hills Retirement Center, Inc. The information in this scheduleis presented in accordance with the requirements of the Uniform Guidance, Audits of States, LocalGovernments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 690147.
Title: Note 2 - Loans Outstanding
Accounting Policies: Note 1- Basis of PresentationThe accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accountingand includes the HUD insured loan of Columbia Hills Retirement Center, Inc. The information in this scheduleis presented in accordance with the requirements of the Uniform Guidance, Audits of States, LocalGovernments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differfrom amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Columbia Hills Retirement Center, Inc. had the following loan balances outstanding at June 30, 2022. Theseloan balances outstanding are also included in the federal expenditures presented in the schedule.Federal Grantor Federal CFDA No. Amount OutstandingDepartment of Housing and Urban DevelopmentMortgage Insurance for the Purchase or Refinancingof Existing Multifamily Housing Projects (223f/207) 14.155 690,147