| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
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| #16263 | Closed | public | _General | Les Sparks |
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Hi Les , The Organization I am auditing is accruing interest on a flexible subsidy loan, payments are not due until the original mortgage is paid off. Should the accrued interest be considered a loan made to the Organization and included in the SEFA? Thanks, |
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Alan, some of these items did not show up to me in the system or I somehow did something wrong. SO, I apologize.
Interest on a flexible loan is not seen as a Federal award. The same could be said of any interest on a governmental loan. Even RD, who actually makes the loan, does not consider the interest as a Federal award unless it is being forgiven under a specific program.
Les Sparks
From: AHACPA Support <support@ahacpa.org> |