Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following cost principles containe
De Minimis Rate Used: N
Rate Explanation: For purposes of charging indirect costs to federal awards, the Melvindale Housing Commission has elected not to
use the 10 percent de minimis cost rate as permitted by 2 CFR section 200.414 of the Uniform Guidance.