Audit 344163

Title: Basis of Presentation Accounting Policies: The schedule of expenditures of federal awards includes the federal award activity of Kodiak Island Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with requirement 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 of expenditures of federal awards presents only a selected portion of the operation of Kodiak Island Housing Authority, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Kodiak Island Housing Authority De Minimis Rate Used: N Rate Explanation: Specific allowable costs per IHBG The schedule of expenditures of federal awards includes the federal award activity of Kodiak Island Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with requirement 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 of expenditures of federal awards presents only a selected portion of the operation of Kodiak Island Housing Authority, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Kodiak Island Housing Authority.

Title: Indirect Cost Rate Accounting Policies: The schedule of expenditures of federal awards includes the federal award activity of Kodiak Island Housing Authority and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with requirement 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 of expenditures of federal awards presents only a selected portion of the operation of Kodiak Island Housing Authority, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Kodiak Island Housing Authority De Minimis Rate Used: N Rate Explanation: Specific allowable costs per IHBG Kodiak Island Housing Authority does not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.