Audit 347909

Title: NOTE 4 – PASS-THROUGH AWARDS Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Dedham Housing Authority, under programs of the federal government for the year ended June 30, 2024. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Dedham Housing Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of Dedham Housing Authority. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the schedule are reported on the accrual basis of accounting. For cost-reimbursement awards, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. For performance-based awards, expenditures reported represent amounts earned. De Minimis Rate Used: N Rate Explanation: The Dedham Housing Authority has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Authority administers the Housing Choice Voucher Program (Assistance Listing #14.871) for several other public housing authorities. For the year ended June 30, 2024, the Authority, as a subrecipient, accounted for federal expenditures on the behalf of the following public housing authorities: Holbrook Housing Authority $ 1,464,650 North Attleboro Housing Authority 1,631,106 Billerica Housing Authority 908,912 Belmont Housing Authority 855,554 Warren Housing Authority 629,795 Millis Housing Authority 464,415 Webster Housing Authority 461,698 Wellesley Housing Authority 249,338