Notes to SEFA
Title: NOTE C – PROGRAM COSTS
Accounting Policies: The accompanying schedule of federal awards (the Schedule) includes the federal grant activity of the
Norwich Housing Authority under programs of the federal government for the year ended March 31, 2023.
The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of the Norwich Housing Authority, it is not intended to and does not present the
financial position, changes in net position, or cash flows of the Norwich Housing Authority. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The amounts presented as federal expenditures represent only the federal portion of the actual program
costs. Actual program costs, including the Norwich Housing Authority’s portion, may be more than is shown
on the schedule.