Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Habitat for Humanity of Omaha and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost of Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. The entity has elected to use the 10% de minimis indirect cost rate, as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The United States Department of Housing and Urban Developments (HUD) Self-HelpHomeownership Opportunity Program (SHOP) grants and loans were passed through to theOrganization by Habitat for Humanity International, Inc. (Habitat International). The SHOP Agreement stipulates that 75% of each sub-grant from Habitat International to the affiliate is in the form of a grant and 25% is in the form of a loan. The awards provided under CFDA 14.247 for SHOP were as follows for the year ended December 31, 2022: Pass-Through Grantor Identifying Number ExpendituresHabitat International SHOP 2012 (193009)- Existing Loans $ 623*Habitat International SHOP 2013 (202018)- Existing Loans 3,774*Habitat International SHOP 2013 (203014)- Existing Loans 9,324*Habitat International SHOP 2014 (211035)- Existing Loans 12,401*Habitat International SHOP 2015 (221001)- Existing Loans 16,632*Habitat International SHOP 2015 (222007)- Existing Loans 13,181*Habitat International SHOP 2016 (231040)- Existing Loans 49,690*Habitat International SHOP 2016 (232017)- Existing Loans 42,808*Habitat International SHOP 2017 (241032)- Existing Loans 56,250*Habitat International SHOP 2018 (251026)- Existing Loans 10,058*Habitat International SHOP 2018 (252011)- Existing Loans 16,763*Habitat International SHOP 2019 (261015)- Existing Loans 27,500*Habitat International SHOP 2019 (262004)- Existing Loans 6,875*$ 265,879 *Represents the balance of a loan from a previous year that the federal government imposes the continuing compliance requirements totaling $265,879.