Audit 342429

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Housing Authority of the City of Salisbury, under programs of the federal government for the year ended June 30, 2024. 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 Housing Authority of the City of Salisbury, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Housing Authority of the City of Salisbury. The Housing Authority of the City of Salisbury has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: Authority chose to use the indirect cost rate allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Housing Authority of the City of Salisbury, under programs of the federal government for the year ended June 30, 2024. 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 Housing Authority of the City of Salisbury, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Housing Authority of the City of Salisbury. The Housing Authority of the City of Salisbury has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.