Notes to SEFA
Title: Note 2 - Additional Information
Accounting Policies: The above schedule of expenditures of federal awards includes the federal grant activity of B.C.P. Housing Corporation and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation did not elect to use the de minimis rate of 10 percent for the year ended March 31, 2024.
B.C.P Housing Corporation did not receive any federal insurance or federal non-cash assistance and did not have any sub-recipients.