Notes to SEFA
Included in federal expenditures is a $1,002,200 capital advance outstanding balance at June 30, 2025. See Note G to the financial statement for further details.
St. John Berchman's Housing Corporation, Inc. has elected not to use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of St. John Berchman's Housing Corporation, Inc. 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.