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<br />SOUTHSIDE COMMUNITY CENTER, INC. <br />NOTES TO FINANCIAL STATEMENTS (Continued) <br /> <br />NOTE 9. ACCRUED COMPENSATED ABSENCES <br /> <br />Because the accrued compensated absences are not considered material, the amount is not <br />accrued. <br /> <br />NOTE 10. RECEIVABLES FROM SAN MARCOS SENIORS COMMUNITY II, L.P. <br /> <br />A final payment of $135,280 due from the investment partner to the limited partnership will be used <br />to repay the Center. Payment will be received when the number of apartments required by the <br />partnership agreement is rented and occupied, and when Form 8609 approval is received from the <br />Texas Department of Housing and Community Affairs. This is expected to occur within one year. <br /> <br />16 <br />