Notes to SEFA
Accounting Policies: Note B Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contain in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The PHAs summary of significant accounting polices is presented in Note A in the PHAs basic financial statements.The PHA has not elected to use the 10% de minimis cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.