Title: NOTE B - PERFORMANCE BASED CONTRACT ADMINISTRATOR GRANT:
Accounting Policies: NOTE A - BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The
information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards .
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of,
the basic financial statements. In accordance with HUD regulations, HUD considers the Annual Budget Authority for the
Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for the purposes of this
schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and not the expenditures
paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards excludes $497,371,725 of expenditures for a Performance
Based Contract Administrator Agreement with HUD for the States of Texas and Arkansas. There is a separately issued
schedule of expenditures of federal awards and an audit performed in accordance with the requirements of Uniform
Guidance for the year ended March 31, 2023 for Southwest Housing Compliance Corporation, a blended component unit of
the Authority, in which that federal award is included.
Title: NOTE C - SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM:
Accounting Policies: NOTE A - BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The
information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards .
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of,
the basic financial statements. In accordance with HUD regulations, HUD considers the Annual Budget Authority for the
Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for the purposes of this
schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and not the expenditures
paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards excludes $6,957,358 of expenditures for the Section 8
Housing Assistance Payments Program of the Authority. The Authority has converted existing Low Income Public Housing
utilizing the RAD program and these entities receive separately issued schedules of expenditures of federal awards and
audits performed in accordance with the requirements of Uniform Guidance for the years ended December 31, 2022.
Title: NOTE E - SUB-RECIPIENTS
Accounting Policies: NOTE A - BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The
information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards .
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of,
the basic financial statements. In accordance with HUD regulations, HUD considers the Annual Budget Authority for the
Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for the purposes of this
schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and not the expenditures
paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
During the year ended March 31, 2023, the Authority had no sub-recipients.
Title: NOTE F - NONCASH ASSISTANCE AND OTHER
Accounting Policies: NOTE A - BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The
information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards .
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of,
the basic financial statements. In accordance with HUD regulations, HUD considers the Annual Budget Authority for the
Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for the purposes of this
schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and not the expenditures
paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The Authority did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended
March 31, 2023.