Notes to SEFA
Title: Noncash Awards and Loans
Accounting Policies: The above schedule of expenditures of federal awards includes the federal grant activity of B.C.P. Housing Corporation 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There was no non-monetary assistance, insurance, federal loans or loan guarantees reported in the Schedule of Expenditures of Federal Awards.