Title: Program Costs
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal portion of the program costs. Actual program costs, including the Housing Authority's portion, may be more than shown.
Title: Federal Loans
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
Outstanding loan balances with continuing compliance requirements, including those received and expended in prior years are listed under Debt Liability Balance
Title: American Recovery and Reinvestment Act (ARRA) of 2009
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
Expenditures for this program were funded by ARRA
Title: Section 8 Housing Choice Vouchers 14.871
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
The amount reported on the SEFA is operating revenue received of $21,574,283. Actual program operating expenses were $21,587,884
Title: Continuum of Care 14.267
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
Kitsap Community Resources is a sub-recipient of this grant and they received $87,000 of pass-through funds.
Title: Section 8 Moderate Rehabilitation Single Room Occupancy 14.249
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
The amount reported on the SEFA of $271,066 is operating subsidy revenue received. Actual program expenses totaled $225,176
Title: HOME Investment Partnership program and the 811 Rental Assistance program
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
Both of these programs receive pass through funds from the Washington State Department of Commerce
Title: Emergency Housing Vouchers
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
A total of $748,253 was received in funding from HUD for these vouchers during the fiscal year and total program expenses were $704,285
Title: Public Housing Capital Fund
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
$313,078 was for capital expenditures, $736,376 for capital fund soft costs, and $53,000 for the 10% admin fee
Title: The Department of Children, Youth, and Families through the Department of Commerce grant
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
The grant was for $35,000. For the year $19,190 was pulled from the grant
Title: Low Rent Public Housing
Accounting Policies: The Schedule of Financial Assistance is prepared on the same basis of accounting as the Housing Authority's financial statements. The Housing Authority uses the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Bremerton Housing Authority has not elected to use the 10-percent de minimis indirect cost rate used under the Uniform Guidance.
Operating subsidy received from HUD for public housing