Audit 53442

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of Bryn Mawr College (the "College") and is presented on the accrual basis of accounting.The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Because the schedule presents only a selected portion of the activities of the College, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the College. De Minimis Rate Used: N Rate Explanation: The College has negotiated predetermined Facilities and Administrative cost rates for grants, contracts, and other agreements with the Federal Government. Accordingly, the College may use these predetermined rates instead of the 10% de minimis rate described in Section 200.414 of the Uniform Guidance. FEDERAL PERKINS LOAN PROGRAM (84.038) - Balances outstanding at the end of the audit period were 404871. The loan programs noted above are administered directly by the College and balances and transactions relating to these programs are included in the College's basic financial statements.