Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: NOTE A - BASIS OF PRESENTATIONThe schedule of expenditures of federal awards includes the federal grant activity of Center TownshipElderly Housing, Inc., HUD Project No. 033-EE055 and is presented on the accrual basis of accounting.The information in this schedule is presented in accordance with the requirement of Title 2 U.S. Code ofFederal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in preparation of the financial statements.
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 3390200.