Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: N
Rate Explanation: USED NEGOTIATED RATE
The Schedule is presented using the accrual basis of accounting, the method used to prepare the
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: N
Rate Explanation: USED NEGOTIATED RATE
Housing Authority’s basic financial statements. Note 1 of the Housing Authority’s basic financial
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: N
Rate Explanation: USED NEGOTIATED RATE
statements describes the significant accounting policies used by the Housing Authority. Such expenses
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: N
Rate Explanation: USED NEGOTIATED RATE
are recognized following the cost principles contained in Uniform Guidance, wherein certain types of
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCRUAL BASIS
De Minimis Rate Used: N
Rate Explanation: USED NEGOTIATED RATE
expenses are not allowable or are limited as to reimbursement.