Notes to SEFA
Title: Note D - SECTION 8 HOUSING CHOICE VOUCHER PORTABILITY
Accounting Policies: Note A - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Washington County Community Development Agency (CDA)
for the year ended December 31, 2024, except for Briar Pond, LLC as a separate Uniform Guidance audit was performed for this entity. 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 Washington County Community Development
Agency, it is not intended to and does not present the financial position, changes in net position, or cash flows of Washington County Community Development Agency.
Note B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the modified accrual basis 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.
De Minimis Rate Used: N
Rate Explanation: Note C - INDIRECT COSTS
The CDA has not charged indirect costs to any of the federal programs. Therefore the election of the de minimus cost rate is not applicable.
As part of its Section 8 Housing Choice Vouchers Program, the CDA administered portable vouchers totaling $4,252,533 and related administration fees totaling $333,316, as the
receiving public housing authority (PHA) for various other initial PHAs throughout the United States. The CDA does not consider these amounts received from the initial PHAs to
be subrecipient payments, and therefore are excluded from the Section 8 Housing Choice Vouchers Program amount above.