Audit 306709

Title: BASIS OF PRESENTATION Accounting Policies: The Consortium did not make an election to use the ten percent de Minimis cost rate as allowed for in the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Consortium did not make an election to use the ten percent de Minimis cost rate as allowed for in the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Central Texas Housing Consortium for the year ended September 30, 2023, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The Consortium did not make an election to use the ten percent de Minimis cost rate as allowed for in the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Consortium did not make an election to use the ten percent de Minimis cost rate as allowed for in the Uniform Guidance. The Consortium did not make an election to use the ten percent de Minimis cost rate as allowed for in the Uniform Guidance.