Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting, except for
Section 8 Housing Choice Voucher Program (HCV). Expenditures are recognized when the related liability
is incurred following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement. Expenditures for HCV Program are reported on a
statutory basis as required by the U.S. Department of Housing and Urban Development. Such expenditures
should equal the net ACC subsidy for the PHA’s fiscal period.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance
(CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award
mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public
descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of
assistance awards. The Sam.gov assistance listing is the publicly available online database showing all
available Federally-funded programs.
State or local government redistributions of federal awards to the Municipality, known as “pass–through
awards”, should be treated by the Municipality as though they were received directly from the federal
government. The Uniform Guidance requires the schedule to include the name of the pass–through entity
and the identifying number assigned by the pass–through entity for the federal awards received as a
subrecipient. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the
Municipality 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 Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
(Uniform Guidance). Therefore, some amounts presented in this schedule may differ from the amounts
presented in, or used in the preparation of, the basic financial statements. Because the schedule presents
only a selected portion of the operations of the Municipality, it is not intended to and does not present the
financial position and changes in net assets of the Municipality.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting, except for
Section 8 Housing Choice Voucher Program (HCV). Expenditures are recognized when the related liability
is incurred following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement. Expenditures for HCV Program are reported on a
statutory basis as required by the U.S. Department of Housing and Urban Development. Such expenditures
should equal the net ACC subsidy for the PHA’s fiscal period.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance
(CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award
mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public
descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of
assistance awards. The Sam.gov assistance listing is the publicly available online database showing all
available Federally-funded programs.
State or local government redistributions of federal awards to the Municipality, known as “pass–through
awards”, should be treated by the Municipality as though they were received directly from the federal
government. The Uniform Guidance requires the schedule to include the name of the pass–through entity
and the identifying number assigned by the pass–through entity for the federal awards received as a
subrecipient. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting, except for
Section 8 Housing Choice Voucher Program (HCV). Expenditures are recognized when the related liability
is incurred following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement. Expenditures for HCV Program are reported on a
statutory basis as required by the U.S. Department of Housing and Urban Development. Such expenditures
should equal the net ACC subsidy for the PHA’s fiscal period.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance
(CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award
mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public
descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of
assistance awards. The Sam.gov assistance listing is the publicly available online database showing all
available Federally-funded programs.
State or local government redistributions of federal awards to the Municipality, known as “pass–through
awards”, should be treated by the Municipality as though they were received directly from the federal
government. The Uniform Guidance requires the schedule to include the name of the pass–through entity
and the identifying number assigned by the pass–through entity for the federal awards received as a
subrecipient. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
Title: NOTE 3 – INDIRECT COSTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting, except for
Section 8 Housing Choice Voucher Program (HCV). Expenditures are recognized when the related liability
is incurred following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement. Expenditures for HCV Program are reported on a
statutory basis as required by the U.S. Department of Housing and Urban Development. Such expenditures
should equal the net ACC subsidy for the PHA’s fiscal period.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance
(CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award
mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public
descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of
assistance awards. The Sam.gov assistance listing is the publicly available online database showing all
available Federally-funded programs.
State or local government redistributions of federal awards to the Municipality, known as “pass–through
awards”, should be treated by the Municipality as though they were received directly from the federal
government. The Uniform Guidance requires the schedule to include the name of the pass–through entity
and the identifying number assigned by the pass–through entity for the federal awards received as a
subrecipient. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
The Municipality elected not use the 10% de minimis cost rate, and did not charge indirect cost to federal
grants during the year ended June 30, 2024.
Title: NOTE 4 – RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting, except for
Section 8 Housing Choice Voucher Program (HCV). Expenditures are recognized when the related liability
is incurred following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement. Expenditures for HCV Program are reported on a
statutory basis as required by the U.S. Department of Housing and Urban Development. Such expenditures
should equal the net ACC subsidy for the PHA’s fiscal period.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance
(CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award
mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public
descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of
assistance awards. The Sam.gov assistance listing is the publicly available online database showing all
available Federally-funded programs.
State or local government redistributions of federal awards to the Municipality, known as “pass–through
awards”, should be treated by the Municipality as though they were received directly from the federal
government. The Uniform Guidance requires the schedule to include the name of the pass–through entity
and the identifying number assigned by the pass–through entity for the federal awards received as a
subrecipient. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
De Minimis Rate Used: N
Rate Explanation: The Municipality has elected not to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.
Amounts reported in the accompanying Schedule are included in the Disaster Grants Fund, ARPA Fund and
in the Other Governmental Funds in the Municipality’s fund financial statements. The reconciliation between
the expenditures in the fund financial statements and expenditures in the Schedule of Expenditures of Federal
Awards is as follows:
Total federal expenditures per Schedule of Expenditures of Federal Awards $ 3,295,985 $ 4,178,731 $ 2,425,241 $ 9,899,957
Additional amount recorded as expenditures under modified accrual basis for
Section 8 HCV Program - - 1,741 1 ,741
Reimbursement of prior year expenditures (470,461) ( 158,491) - (628,952)
Non-federal awards expenditures - - 378,340 378,340
Total expenditures, per fund statements $ 2,825,524 $ 4,020,240 $ 2,805,322 $ 9,651,086