Title: Note 1 – Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recongized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, financial statements.
De Minimis Rate Used: N
Rate Explanation: Southern Ute Indian Housing Authority is reimbursed for actual administrative costs incurred up to 20 percent; therefire, the Authority did not elect to use the 10 percent de minimus indirect cost rate provided for in CFR 200.414
The accompanying schedule of expenditures of federal awards (schedule) includes Southern Ute Indian Housing Authority’s federal grant activity for the year ended September 30, 2023. The information in 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 (the Uniform Guidance).
Title: Note 2 – Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recongized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, financial statements.
De Minimis Rate Used: N
Rate Explanation: Southern Ute Indian Housing Authority is reimbursed for actual administrative costs incurred up to 20 percent; therefire, the Authority did not elect to use the 10 percent de minimus indirect cost rate provided for in CFR 200.414
Southern Ute Indian Housing Authority is reimbursed for actual administrative costs incurred up to 20 percent; therefore, the Authority did not elect to use the 10 percent de minimus indirect cost rate as provided for in 2 CFR §200.414.
Title: Note 3 – Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recongized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, financial statements.
De Minimis Rate Used: N
Rate Explanation: Southern Ute Indian Housing Authority is reimbursed for actual administrative costs incurred up to 20 percent; therefire, the Authority did not elect to use the 10 percent de minimus indirect cost rate provided for in CFR 200.414
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Note 4 – Federal Assistance Listings Number
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recongized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, financial statements.
De Minimis Rate Used: N
Rate Explanation: Southern Ute Indian Housing Authority is reimbursed for actual administrative costs incurred up to 20 percent; therefire, the Authority did not elect to use the 10 percent de minimus indirect cost rate provided for in CFR 200.414
The program title and Federal Assistance Listings numbers were obtained from the federal or pass-through grantor or the 2023 Federal Assistance Listings.
Title: Note 5 – Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recongized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, financial statements.
De Minimis Rate Used: N
Rate Explanation: Southern Ute Indian Housing Authority is reimbursed for actual administrative costs incurred up to 20 percent; therefire, the Authority did not elect to use the 10 percent de minimus indirect cost rate provided for in CFR 200.414
Southern Ute Indian Housing Authority did not have any subrecipients for 2023.