Audit 32511

Accounting Policies: NOTE A BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of The Housing Authority of the City of Atlanta, Georgia (AH), under programs of the federal government for the fiscal year ended June 30, 2022. 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 AH, it is not intended to and does not present the financial position, changes in net position, or cash flows of AH.NOTE B SIGNIFICANT ACCOUNTING POLICIES FOR FEDERAL AWARD EXPENDITURESThe Schedule included herein represents the Federal grant awards of AH over which AH exercised direct operating control for the fiscal year ended June 30, 2022. Under the Amended and Restated Moving to Work Agreement (Restated Agreement), AH has combined funding from its Low Income Operating Funds, Housing Choice Voucher Funds, and certain Capital Fund Program formula grants into a single fund known as the Moving to Work (MTW) Single Fund, which may be used for any MTW-eligible activity as provided in the Restated Agreement, MTW Business Plans and Annual Inspection Plans.A portion of the Housing Choice Voucher Funds are not combined in the MTW Single Fund under the Restated Agreement and are, therefore, reported separately under the Housing Voucher Cluster, as required by the OMB Compliance Supplement. In addition, Replacement Housing Factor grants are not included in the MTW Single Fund and are, therefore, reported separately under the Capital Fund Program, as required by the OMB Compliance Supplement.The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting and reflects expenditures incurred by AH during its fiscal year ended June 30, 2022. Such expenditures are recognized in accordance with the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. AH has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.NOTE C CARES ACT FUNDSIn accordance with the Coronavirus Aid, Relief and Economic Security Act (CARES Act) passed by the U.S. Congress in March 2020, HUD authorized over $9 million in CARES Act funding to AH of which approximately $1,715,000 was expended under the MTW program between July 1, 2021, and June 30, 2022. The deadline to expend the CARES Act funds was December 31, 2022, and AH used the funds for costs directly or indirectly related to COVID-19. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.