Notes to SEFA
Title: Relationship to Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federally assisted programs of the Citys Reporting Entity as defined in Note 1 to the Citys basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Citys basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal expenditures, revenues and capital contributions are reported in the Reporting Entity's basic financial statements as follows: See the Notes to the SEFA for chart/table
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federally assisted programs of the Citys Reporting Entity as defined in Note 1 to the Citys basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on the Schedule. The accompanying Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Citys basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Chesapeake Redevelopment and Housing Authority, Childrens Harbor, ForKids, STOP, Boys and Girls Clubs of Southeast VA, Chesapeake Care Clinic, Chesapeake Homeless Response Center, Habitat for Humanity and Herons Landing are the subrecipients for federal awards of $424,610 from the Community Development Block Grant Program. Chesapeake Redevelopment and Housing Authority, The Hampton Roads Planning District Commission (Housing Division), ForKids, Habitat for Humanity and Chesapeake Home are the subrecipients of $533,855 from the HOME Investment Program received from the U.S. Department of Housing and Urban Development.