Notes to SEFA
Title: Note 3. Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Tlingit-Haida Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. 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 Tlingit-Haida Regional Housing Authority, it is not intended to and does not present the basic financial statements of Tlingit-Haida Regional Housing Authority.
De Minimis Rate Used: Y
Rate Explanation: Tlingit-Haida Regional Housing Authority has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the economic resources measurement focus of accounting. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years
Title: Note 4. Reconciliation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Tlingit-Haida Regional Housing Authority under programs of the federal government for the year ended December 31, 2022. 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 Tlingit-Haida Regional Housing Authority, it is not intended to and does not present the basic financial statements of Tlingit-Haida Regional Housing Authority.
De Minimis Rate Used: Y
Rate Explanation: Tlingit-Haida Regional Housing Authority has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
ALN # 14.913 Direct Funding: $682,134 Passed Through: $152,095 Total Expended: $834,229 ALN # 14.862 Direct Funding: $13,564 Passed Through: $2,566,028 Total Expended: $2,579,593