Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activityof Pulaski County Public Housing Authority and presents expenditures on the accrual basis ofaccounting, except for subsidy programs, which follows REAC PHA - Financial Accounting Brief - which defines a Federal expenditure expended for single audit purposes as when meetingeligibility requirements. The information in this schedule is presented in accordance with the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.