Title: Note 1. General Information
Accounting Policies: The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: the organization elected not to use the 10% fr minimid indirect cost rate allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the activities in all the federal programs of Housing Authority of Plainfield. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies is included on the schedule.
Title: Note 2. Basis of Accounting
Accounting Policies: The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: the organization elected not to use the 10% fr minimid indirect cost rate allowed under Uniform Guidance.
The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: Note 3. Non-Cash Federal Assistance
Accounting Policies: The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: the organization elected not to use the 10% fr minimid indirect cost rate allowed under Uniform Guidance.
The Authority did not receive any non-cash Federal assistance for the year ended December 31, 2023.
Title: Note 4. Loan Guarantees
Accounting Policies: The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: the organization elected not to use the 10% fr minimid indirect cost rate allowed under Uniform Guidance.
At December 31, 2023, the Authority is not the guarantor of any loans outstanding.
Title: Note 5. Sub-Recipients
Accounting Policies: The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: the organization elected not to use the 10% fr minimid indirect cost rate allowed under Uniform Guidance.
Of the federal and state expenditures presented in this schedule, no expenditures were used to provide federal or state awards to sub-recipients.
Title: Note 6. Indirect Cost Rate
Accounting Policies: The information in the accompanying schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: the organization elected not to use the 10% fr minimid indirect cost rate allowed under Uniform Guidance.
The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.