Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: NOTE A - Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal award activity of B'naiB'rith Wiregrass Senior Housing II, Inc. HUD Project No. 062-EE095, and is presented on the accrual basisof accounting. The information in this schedule is presented in accordance with the requirements of Title 2U. S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of B'nai B'rith Wiregrass Senior Housing II, Inc., it is not intended to anddoes not present the financial position, changes in net assets, or cash flows of B'nai B'rith Wiregrass SeniorHousing II, Inc.NOTE B Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. B'nai B'rith Wiregrass Senior HousingII, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 4007200.