Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note A - Significant Accounting PoliciesThe schedule of expenditures of federal awards includes the federal award activity of Englewood East and is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with OMB Uniform Guidance. Therefore, some amounts presented in this schedule maydiffer from 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 233F (14.143) - Balances outstanding at the end of the audit period were 5200730.