Notes to SEFA
Title: FEDERAL NON-CASH ASSISTANCE
Accounting Policies: Basis of Presentation
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Midlands
Housing Alliance, Inc. (the “Organization”) and is prepared on the accrual basis of accounting.
Program Type Determination
Type A programs are defined as federal programs with federal expenditures exceeding $750,000.
The threshold of $750,000 was used in distinguishing between Type A and Type B programs.
Method of Major Program Selection
The risk-based approach was used in the selection of federal programs to be tested as major
programs. The Organization qualified as a high-risk auditee for the fiscal year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization chose not to use the ten percent de Minimis cost rate for the year ended June 30,
2023.
The Organization did not receive or expend federal awards in the form of non-cash assistance and had no federal loan guarantees at June 30, 2023