Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 2 Summary of significant accounting policiesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Bonifacio Cora Texidor Housing Development Fund Corporation had a U.S. Department ofHousing and Urban Development direct loan under Section 202 of the National Housing Act.The loan balance outstanding at the beginning of the year is included in the federal expenditurespresented in the Schedule. Bonifacio Cora Texidor Housing Development Fund Corporationreceived no additional loans during the year. The balance of the loan outstanding at December31, 2022 consists of:Federal AssistanceListing Number Program nameOutstandingbalance at12/31/2214.157 Supportive Housing for the Elderly $ 9,328,300
Title: Subrecipients
Accounting Policies: Note 2 Summary of significant accounting policiesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No federal expenditures in this Schedule were provided to subrecipients