Notes to SEFA
Accounting Policies: The accompanying schedule presents the expenditures incurred (and related awards received) by the Housing
Authority of the City of DuBois (the Authority) that are reimbursable under federal programs of federal agencies
providing financial assistance awards. For the purpose of this schedule, only the portion of the program expenditures
reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures in excess of
the maximum federal reimbursement authorized or the portion of the program expenditures that were funded with
local or other nonfederal funds are excluded from the accompanying schedule. This schedule also only includes the
amounts expended by the Authority, none of the amount expended, if any, by the blend or discretely present
component units have been included. The expenditures included in the accompanying schedule were reported on the accrual basis of accounting.
Expenditures are recognized in the accounting period in which the related liability is incurred. Expenditures reported
included any property or equipment acquisitions incurred under the federal program. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: N/A