Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Basis of PresentationThis schedule includes the federal grant activity of Bii Di Gain Dash Anwebi Elder Housing under programs ofthe federal government for the year ended December 31, 2022. The information presented in this schedule ispresented 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 (theUniform Guidance). Because the schedule presents only a selected portion of the operations of Bii Di GainDash Anwebi Elder Housing, it is not intended to and does not present the financial position, changes in netassets, or cash flows of Bii Di Gain Dash Anwebi Elder Housing.
De Minimis Rate Used: N
Rate Explanation: Summary of Significant Accounting Policies1) Expenditures reported on the Schedule are reported on the accrual basis of accounting, except for thecapital advance as discussed below.2) Bii Di Gain Dash Anwebi Elder Housings federal award is not based on eligible costs incurred.Accordingly, Bii Di Gain Dash Anwebi Elder Housing has not made an election related to the use of the10% de minimis indirect cost rate described in the Uniform Guidance.
Capital AdvanceFederal expenditures reported as capital advance represent the December 31, 2021 balance of a capitaladvance which was received in prior periods. The grantor imposes continuing compliance requirements.The balance is unchanged at December 31, 2022.