Notes to SEFA
Title: MAJOR PROGRAMS
Accounting Policies: The Schedule of Financial Assistance is prepared on the GAAP basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The (*) to the right of an Assistance Listing number identifies the grant as a major federal program as defined by the Uniform Guidance.
Title: AWARD BALANCE
Accounting Policies: The Schedule of Financial Assistance is prepared on the GAAP basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
On the Section 8/Certificate program, the Authority receives annual funds based on an annual estimate of need. Unexpended grant funds are available to meet subsequent year HAP shortfalls.
Title: PROGRAM COSTS
Accounting Policies: The Schedule of Financial Assistance is prepared on the GAAP basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
On the Section 8/Certificate program, the Authority receives annual funds based on an annual estimate of need. Unexpended grant funds are available to meet subsequent year HAP shortfalls.