Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Amounts reported on the Schedule represent expenditures incurred for the Authority’s federal programs,
and are reported on the accrual basis of accounting. Such expenditures are recognized following the cost
principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority neither had an indirect cost rate not used the de minimis 10% of Modified Total Direct
Costs (MTDC).
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal
grant activity of the Housing Authority of the County of Alameda 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 County of Alameda, it is not intended to and does not present the financial position,
changes in net position or cash flows of Housing Authority of the County of Alameda.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Amounts reported on the Schedule represent expenditures incurred for the Authority’s federal programs,
and are reported on the accrual basis of accounting. Such expenditures are recognized following the cost
principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority neither had an indirect cost rate not used the de minimis 10% of Modified Total Direct
Costs (MTDC).
Amounts reported on the Schedule represent expenditures incurred for the Authority’s federal programs,
and are reported on the accrual basis of accounting. Such expenditures are recognized following the cost
principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
Title: NOTE 3 - INDIRECT COST
Accounting Policies: Amounts reported on the Schedule represent expenditures incurred for the Authority’s federal programs,
and are reported on the accrual basis of accounting. Such expenditures are recognized following the cost
principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Authority neither had an indirect cost rate not used the de minimis 10% of Modified Total Direct
Costs (MTDC).
The Authority neither had an indirect cost rate not used the de minimis 10% of Modified Total Direct
Costs (MTDC).