Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awardsand programs of the Organization. The Organization's reporting entity is defined in Note 1 of the Agency'sconsolidated financial statements. All federal financial assistance received directly from federal agencies,as well as federal financial assistance passed through other government agencies, are included on theschedule.The accompanying Schedule of Expenditures of Federal Awards is presented using the accrualbasis of accounting and includes outstanding notes payable. Federal award expeditures are reported inthe Organization's unrestricted and temporarily restricted funds as rental property, construction inprogress, or expenses.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 3338168. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 2183203. COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII (14.228) - Balances outstanding at the end of the audit period were 1959543. LEAD-BASED PAINT HAZARD CONTROL IN PRIVATELY-OWNED HOUSING (14.900) - Balances outstanding at the end of the audit period were 140000.