Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Interior Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Interior Regional Housing Authority, it is not intended to and does not present the basic financial statements of Interior Regional Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
TITLE VI FEDERAL GUARANTEES FOR FINANCING TRIBAL HOUSING ACTIVITIES (14.869) - Balances outstanding at the end of the audit period were 1218710.
Title: Note 2. Summary of Significant Accounting Policie
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Interior Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Interior Regional Housing Authority, it is not intended to and does not present the basic financial statements of Interior Regional Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Interior Regional Housing Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform guidance.
Title: Note 3. Passed Through Awards
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Interior Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Interior Regional Housing Authority, it is not intended to and does not present the basic financial statements of Interior Regional Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were passed through to subrecipients.
Title: Note 4. Federal Loan Program
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Interior Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Interior Regional Housing Authority, it is not intended to and does not present the basic financial statements of Interior Regional Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Title VI loan program listed in the Schedule is administered directly by Interior Housing Authority, with those balances and transactions relating to these program is included in Interior Regional Housing Authoritys basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented at December 31, 2022. The ending balance of the Title VI Loans at December 31, 2022 was $1,218,710.
Title: Note 5. Reconciliation of Federal Revenues
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Interior Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Interior Regional Housing Authority, it is not intended to and does not present the basic financial statements of Interior Regional Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Per schedule of expenditures of federal awards$14,866,081 Less: Title VI outstanding loan guarantees(1,593,644)Federal revenues fund financial statements Exhibit D-113,272,437