Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: This schedule includes the Federal awards activity of the Organization and ispresented on the accrual basis of accounting. Grant awards are considered expended when the expensetransactions associated with the grant occur. The outstanding loan balance is considered expended aslong as the Federal government imposes continuing compliance requirements. The information in thisschedule is presented in accordance with Uniform Guidance. Therefore, some amounts presented in thisschedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate allowed in the Uniform Guidance, 2 CFR 200.414
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 1602707.