Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: 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. The Authority has elected not to use the 10-percent de minimis
indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards includes the federal award activity of the Housing
Authority of the City of Antigo (Authority) under programs of the federal government for the year ended December 31,
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 select portion of the operations of the Authority, it is not intended to, and does
not, present the financial position, changes in net position or cash flows of the Authority.
Title: Note 3 - Loan Balances
Accounting Policies: 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. The Authority has elected not to use the 10-percent de minimis
indirect cost rate as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
At December 31, 2023, the Rural Renting Housing Loans had the following balances: First Avenue - $254,428 Lincoln Street - $38,415