Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (“the Schedule”) includes the federal
expenditures of Alexandria Housing Development Corporation DBA Housing Alexandria and Subsidiaries 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 the Uniform Guidance. The financial statements of certain
subsidiaries included in the consolidated financial statements were not audited in accordance with Government
Auditing Standards and are not subject to the requirements of the Uniform Guidance as discussed in Note 16 to
the consolidated financial statements. Because the Schedule presents only a selected portion of the operations of
Alexandria Housing Development Corporation DBA Housing Alexandria and Subsidiaries, it is not intended to
and does not present the financial position, changes in net assets or cash flows of Alexandria Housing
Development Corporation DBA Housing Alexandria and Subsidiaries.
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. Passthrough entity identifying numbers are
presented where applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.