Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ohio Hills Health Centers under programs of the federal government for the year ended January 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Ohio Hills Health Centers, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ohio Hills Health Centers. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Ohio Hills Health Centers has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Ohio Hills Health Services had the following loan balances outstanding at January 31, 2023:
Program Title Assistance Listing Number Amount Outstanding
Community Facilities Loans and Grants Cluster
(Dental Equipment)
10.766
$94,607
Community Facilities Loans and Grants Cluster
(Monroe Facility) 10.766 $2,919,863