Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Bethany Village Housing Development Fund Company, Inc. under programs of the federal government for the year ended December 31, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Bethany Village Housing Development Fund Company, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethany Village Housing Development Fund Company, Inc. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: N/A