Title: NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Collier 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 Title 2 U.S. Code of Federal Regulations Part 200 , Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Section 8 Housing Choice Voucher
Program, AL No. 14.871, to be an expenditure for the purposes of this schedule. Therefore, the amount in this schedule is the total
amount received directly from HUD.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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 D - NONCASH FEDERAL ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Collier 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 Title 2 U.S. Code of Federal Regulations Part 200 , Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Section 8 Housing Choice Voucher
Program, AL No. 14.871, to be an expenditure for the purposes of this schedule. Therefore, the amount in this schedule is the total
amount received directly from HUD.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The Authority has received noncash Federal assistance in the form of the Farm Labor Housing Loan in the
amount of $4,534,756 as of the year ended September 30, 2023.
Title: NOTE E - SUB-RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Collier 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 Title 2 U.S. Code of Federal Regulations Part 200 , Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards . Therefore, some amounts presented in this schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Section 8 Housing Choice Voucher
Program, AL No. 14.871, to be an expenditure for the purposes of this schedule. Therefore, the amount in this schedule is the total
amount received directly from HUD.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
During the year ended September 30, 2023, the Authority had no sub-recipients.