Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Bristol Bay Housing Development Corporation under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Bristol Bay Housing Development Corporation, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Bristol Bay Housing Development Corporation.
No amounts were passed through to subrecipients.
The balance at the beginning and end of the year of the loan guarantees were $1,957,544. No new loan
Federal expenditures per above Schedule $ 2,047,530 Adjustments: Section 202 - Capital Advance Program payments expended in prior years - loan guarantee (1,957,544) Total Federal sources per Statements of Activities $ 89,986