Notes to SEFA
Title: Note 1 Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority does not have a negotiated indirect cost rate and did not use the 10% de minimus indirect rate during the year.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Utah Paiute Tribal Housing Authority under programs of the federal
government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
(Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Utah Paiute Tribal Housing Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows, of the Utah Paiute Tribal Housing Authority.
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority does not have a negotiated indirect cost rate and did not use the 10% de minimus indirect rate during the year.
Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
Title: Note 3 Contingencies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority does not have a negotiated indirect cost rate and did not use the 10% de minimus indirect rate during the year.
In connection with various federal grant programs, the Authority is obligated to administer related
programs and spend funds in accordance with regulatory restrictions, and is subject to audit by
grantor agencies and other auditors. In cases of noncompliance, the agencies involved may require
the Authority to refund program funds.
Title: Note 4 Use of De Minimus Indirect Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority does not have a negotiated indirect cost rate and did not use the 10% de minimus indirect rate during the year.
The Authority does not have a negotiated indirect cost rate and did not use the 10% de minimus indirect rate during the year.