Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: This schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Berrien County, Georgia under programs of the federal government for the year ended June 30, 2022. 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this Schedule presents only a selected portion of the operations of Berrien County, Georgia, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Berrien County, Georgia. Expenditures reported on the Schedule are presented on the modified accrual basis of accounting. Total Federal Expenditures includes $69,570 in expenditures for 10.766 Community Facilities Loans and Grants that were incurred in the prior year.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 54851.