Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The Schedule of Federal Awards is presented using the accrual basis of accounting. Theschedule does not include the limited partnerships. These entities were subject to standalone compliance and audit requirements as applicable.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 2209309.