Title: Note 1: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Winchester Housing Authority 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 the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of the
Winchester Housing Authority, it is not intended to and does not present the financial position, changes
in net position, or cash flows of the Winchester Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Winchester Housing Authority 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 the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of the
Winchester Housing Authority, it is not intended to and does not present the financial position, changes
in net position, or cash flows of the Winchester Housing Authority.
Title: Note 2: Major Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Winchester Housing Authority 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 the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of the
Winchester Housing Authority, it is not intended to and does not present the financial position, changes
in net position, or cash flows of the Winchester Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under
Uniform Guidance.
The (*) to the right of an Assistance Listing Number identifies the grant as a major federal program as
defined by Uniform Guidance.
Title: Note 3: Award Balance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Winchester Housing Authority 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 the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of the
Winchester Housing Authority, it is not intended to and does not present the financial position, changes
in net position, or cash flows of the Winchester Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under
Uniform Guidance.
On the Housing Choice Voucher program, the Authority receives annual funds based on an annual
estimate of need. Unexpended grant funds are available to meet subsequent year HAP shortfalls.
Title: Note 4: Program Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Winchester Housing Authority 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 the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of the
Winchester Housing Authority, it is not intended to and does not present the financial position, changes
in net position, or cash flows of the Winchester Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under
Uniform Guidance.
The amounts shown as current year expenditures represent only the federal and state portion of the
actual program costs. Actual program costs, including the Housing Authority’s portion, may be more than
shown.
Title: Note 5: Indirect Cost Allocation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Winchester Housing Authority 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 the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of the
Winchester Housing Authority, it is not intended to and does not present the financial position, changes
in net position, or cash flows of the Winchester Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under
Uniform Guidance.
The Authority has not elected to use the 10-percent de minimus indirect cost rate as allowed under
Uniform Guidance.