8. Fair Value of Financial Instruments	12 Months Ended
Mar. 30, 2016
Notes
8. Fair Value of Financial Instruments	8. Fair Value of Financial Instruments The estimated fair value amounts have been determined using available market information, assumptions, estimates and valuation methodologies. Cash and cash equivalents The carrying amount approximates fair value. Investment in Pemberwick Fund - a short duration bond fund The estimated fair value of Pemberwick is based on current market quotes received from active markets. Pemberwick’s NAV is calculated and published daily (see Note 4). Investment in local partnerships The Trust assessed the carrying value of its investment in local partnerships at least annually in the fourth quarter of its fiscal year or whenever there were indications that a permanent impairment may have occurred (see Note 1). These valuations required significant judgments, which included assumptions regarding capitalization rates, occupancy rates, projected operating results, availability of financing, exit plan, extended use provisions of the Properties under the terms of the applicable financing agreements, comparable sales and other factors deemed necessary by the Trust. The investment in local partnerships, carried at zero0 as of March 30, 2016, approximates fair value. While the investment in local partnerships as of March 30, 2015 is carried at $395,782, its estimated fair value as of such date is $435,000. The fair value of investment in local partnerships was determined using Level 3 inputs (see Note 1) as of March 30, 2016 and 2015 and is presented here for disclosure purposes only.

8. Fair Value of Financial Instruments

12 Months Ended

Mar. 30, 2016

8. Fair Value of Financial Instruments

The estimated fair value amounts have been determined using available market information, assumptions, estimates and valuation methodologies.

Cash and cash equivalents

The carrying amount approximates fair value.

Investment in Pemberwick Fund - a short duration bond fund

The estimated fair value of Pemberwick is based on current market quotes received from active markets. Pemberwick’s NAV is calculated and published daily (see Note 4).

Investment in local partnerships

The Trust assessed the carrying value of its investment in local partnerships at least annually in the fourth quarter of its fiscal year or whenever there were indications that a permanent impairment may have occurred (see Note 1). These valuations required significant judgments, which included assumptions regarding capitalization rates, occupancy rates, projected operating results, availability of financing, exit plan, extended use provisions of the Properties under the terms of the applicable financing agreements, comparable sales and other factors deemed necessary by the Trust. The investment in local partnerships, carried at zero0 as of March 30, 2016, approximates fair value. While the investment in local partnerships as of March 30, 2015 is carried at $395,782, its estimated fair value as of such date is $435,000. The fair value of investment in local partnerships was determined using Level 3 inputs (see Note 1) as of March 30, 2016 and 2015 and is presented here for disclosure purposes only.