Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note B Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Egida Petra Soto Pascual has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Egida Petra Soto Pascual has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 3840949.
Title: Note C U.S. Department of Housing and Urban Development Advance Capital P
Accounting Policies: Note B Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Egida Petra Soto Pascual has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Egida Petra Soto Pascual has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Egida Petra Soto Pascual has received a U.S. Department of Housing and Urban Development direct advance capital grant under Section 202 of the National Housing Act. The grant balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Project received no additional capital advances during the year. The balance of the grant outstanding at December 31, 2021 consists of: CFDA Number Program Name Outstanding Balance 14.157 Supportive Housing for $3,840,949