Notes to SEFA
Accounting Policies: 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: Green Hill Apartments, A Project of BGC -
II Nonprofit Housing Corporation has elected not to use the 10% de minimis indirect cost rate allowed under
the Uniform Guidance.