Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in the uniform guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were $4,606,700.