Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The expenditures included in the accompanying schedule were reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized when incurred. Expenditures reported include any property or equipment acquisitions incurred under the federal program.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
WATER INFRASTRUCTURE FINANCE AND INNOVATION (WIFIA) (E) (66.958) - Balances outstanding at the end of the audit period were 8073234.