Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal
grant activity of the Housing Authority of the City of McAllen dba McAllen Housing
Commission (MHC) and is presented on the accrual basis of accounting, which is the same basis
as was used to prepare the financial statements. The information in this Schedule is presented in
accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Programs.
De Minimis Rate Used: N
Rate Explanation: MHC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.