Notes to SEFA
Title: 3
Accounting Policies: The schedule of expenditures of federal awards presents the activity of federal award programs expended by the Housing and Redevelopment of Brainerd. The Authority's reporting entity is defined in Note 1 to the basic financial statements. The expenditures on this schedule are on the accrual basis of accounting, which is described in Note 1 to the Authority's basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10-percent de-minimis indirect cost rate as allowed under the Uniform Guidance.
N/A - The pass-through entity identifying number is unknown or not applicable.