Notes to SEFA
Title: Program Costs
Accounting Policies: The schedule is prepared on the same basis of accounting as the Authority's financial statements. The Authority uses U.S. Generally Accepted Accounting Principles and the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Authority has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for Department of Veterans Affairs awards. The Authority has not elected to use the 10% de minimus indirect cost rate for any other departments' awards.
Except as noted below, the amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Authority's portion, may be more than shown.
The amounts shown on the schedule for the Housing Voucher Cluster (Assistance Listing No. 14.871 and 14.879) represent amounts received by the Authority. Actual expenditures of the grant funds during the period were $13,654,535.