Audit 27837

Title: NOTE C PROGRAM COSTS Accounting Policies: NOTE A BASIS OF PRESENTATIONThe accompanying schedule of federal awards (the Schedule) includes the federal grant activity of the Housing Authority of the Town of Enfield under programs of the federal government for the year ended December 31, 2022. 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 Housing Authority of the Town of Enfield, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Housing Authority of the Town of Enfield.NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures 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.Pass-through entity identifying numbers are presented where available. All expenditures are direct program expenditures.The Authority has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The amounts presented as federal expenditures represent only the federal portion of the actual program costs. Actual program costs, including the Housing Authority of the Town of Enfields portion, may be more than is shown on the schedule.