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, as applicable 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: 73rd & Dobson Housing Corporation, has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards ("Schedule") includes the federal
award activity of 73rd & Dobson Housing Corporation, HUD Project No. 071-44087, under
programs of the federal government for the year ended October 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
selected portion of the operations of 73rd & Dobson Housing Corporation, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of 73rd & Dobson
Housing Corporation For the year ended October 31, 2023, no awards were passed through to
subrecipients.
Title: Note 2 - Summary of significant accounting policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable 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: 73rd & Dobson Housing Corporation, has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following, as applicable 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 - Indirect cost rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable 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: 73rd & Dobson Housing Corporation, has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
73rd & Dobson Housing Corporation, has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
Title: Note 4 - U.S. Department of Housing and Urban Development loan program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable 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: 73rd & Dobson Housing Corporation, has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
73rd & Dobson Housing Corporation, has received a Flexible Subsidy Note guaranteed by the
Federal Housing Administration. The loan balance outstanding at the beginning of the year is
included in the federal expenditures presented in the Schedule. 73rd & Dobson Housing
Corporation received no additional loans during the year. The balance of the loan outstanding
October 31, 2023 consists of: Federal
Assistance
Listing
Number Program Name
Outstanding
Balance at
October
31, 2023
14.164 Operating assistance for troubled multifamily housing projects $ 554,700