Notes to SEFA
Accounting Policies: This schedule includes the federal grant activity of the Housing Authority of the City of Greenwood and is presentedon the full accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance (Title 2 U.S. Code of Federal Regulations (CFR), Part 200, UniformAdministrative 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 preparationof the basic financial statements. The Authority has not elected to use the 10% deminimis cost rate. During the fiscal year March 31, 2022, the Authority expended $49,865 in the Public and Indian Housing Programand $231,767 in the Section Housing Choice Vouchers Program for the Cares Act.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.