Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the Dover Housing Authority and is presented on the accrual basis of accounting. The information
in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits
of States, Local Governments, and Non-Profit Organizations. Therefore, 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 Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the Dover Housing Authority and is presented on the accrual basis of accounting. The information
in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits
of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of the basic
financial statements.
Title: 2. Non-Cash Federal Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the Dover Housing Authority and is presented on the accrual basis of accounting. The information
in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits
of States, Local Governments, and Non-Profit Organizations. Therefore, 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 Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The Authority did not receive any non-cash Federal assistance for the year ended December 31,
2023.
Title: 3. Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the Dover Housing Authority and is presented on the accrual basis of accounting. The information
in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits
of States, Local Governments, and Non-Profit Organizations. Therefore, 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 Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
At December 31, 2023, the Authority is not the guarantor of any loans outstanding.
Title: 4. Indirect Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the Dover Housing Authority and is presented on the accrual basis of accounting. The information
in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits
of States, Local Governments, and Non-Profit Organizations. Therefore, 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 Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.