Notes to SEFA
Title: Reconciliation of Schedule of Federal Expenditures to the Statement of Reve
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Authority and is presented on the accrual basis of accounting. The SEFA reporting entity does not include the Authority's component units. 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 (Uniform Guidance). 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: The Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
HUD operating grants $ 39,694,747 ; Other government grants 503,999 ; Capital fund grant 2,875,040 ; Less: Emerald Village - Project Based Rental Assistance not included in SEFA reporting entity (950,992). Total federal expenditures $ 42,122,794