Notes to SEFA
Title: NOTE 1: REPORTING ENTITY
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Westmoreland County Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: The Westmoreland County Housing Authority did not elect to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
The Westmoreland County Housing Authority is the reporting entity for financial reporting purposes as defined in Note 1 to the financial statements.
Title: NOTE 2: BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Westmoreland County Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: The Westmoreland County Housing Authority did not elect to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Westmoreland County Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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. The Westmoreland County Housing Authority did not elect to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
Title: NOTE 3: RISK-BASED AUDIT APPROACH
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Westmoreland County Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: The Westmoreland County Housing Authority did not elect to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
The 2023 threshold for determining Type A and Type B Programs is $929,468. The following high-risk Type A programs audited as major: The following low-risk Type A program(s) was(were) not audited as major: The following high risk Type B Programs were audited as major. The amount expended under programs audited as major federal programs for the year ended September 30, 2023, totaled $8,343,812 or 27% of total federal awards expended. See notes to the SEFA for chart/table.
Title: NOTE 4: DCED FUNDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Westmoreland County Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: The Westmoreland County Housing Authority did not elect to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
The following reconciliation is a requirement for federal funds passed through the Pennsylvania Department of Community and Economic Development. See notes to the SEFA for chart/table.
Title: NOTE 5: RECONCILIATION OF INTERGOVERNMENTAL REVENUES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Westmoreland County Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: The Westmoreland County Housing Authority did not elect to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.
See notes to the SEFA for chart/table.