Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Neighborhood Housing Services, Inc and Subsidiaries dba Neighborworks Boise has not elected to use to 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization had loan balances outstanding at December 31, 2022. The loan balances have continuing compliance requirements and are also included in the federal expenditures presented in the schedule. See notes to the schedule of expenditures of federal awards for table containing the outstanding balances.