Notes to SEFA
Title: Reconciliation of Total Federal Awards Expenditures to Financial Data Sched
Accounting Policies: This schedule is prepared on the accrual basis of accounting. The accompanying Schedule of Federal Awards (the "Schedule") includes the federal grant activity of the Authority under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of OMB Uniform Guidance, Title 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
Reconciliation of Total Federal Awards Expenditures to Statement of Revenues, Expenses and Net Position HUD grants $44,126,878 Capital Fund 517,257 Other Government Grants 3,318,275 Less: State and Local (3,172,143) total $44,790,267