Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity
The accompanying schedule of expenditures of federal awards includes the federal grant activity
The accompanying schedule of expenditures of federal awards includes the federal grant activity
The accompanying schedule of expenditures of federal awards includes the federal grant activity
The accompanying schedule of expenditures of federal awards includes the federal grant activity
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Therefore,
some amounts presented in this schedule may differ from amounts presented or used in the
preparation of the basic financial statements.
BSH received a U.S. Department of Housing and Urban Development loan under Section 207/223(f) of
the National Housing Act. The loan balance outstanding at the end of the year is included in the
federal expenditures presented in the Schedule. BSH received no additional loans during the year.
BSH did not elect the 10% de minimis indirect cost rate.