Audit 300078

Title: Basis of Presentation Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Not applicable The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of the Housing Authority of the County of Alameda under programs of the federal government for the year ended June 30, 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 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Housing Authority of the County of Alameda, it is not intended to and does not present the financial position, changes in net position or cash flows of Housing Authority of the County of Alameda.

Title: Summary of Significant Accounting Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Not applicable Summary of significant accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements, regardless of the measurement focus applied. All proprietary funds are accounted for using the accrual basis of accounting. Expenditures of federal awards reported on the schedule are recognized when incurred.

Title: Direct and Indirect (Pass-Through) Federal Awards Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Not applicable Federal awards may be granted directly to the Authority by a federal granting agency or may be granted to other government agenies which pass-through federal awards to the Authority. The schedule includes both of these types of federal award programs when they occur.

Title: Indirect Cost Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Not applicable The Authority neither had an indirect cost rate nor used the de minimis 10% of modifed total direct costs (MTDC).