Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Scranton Housing Authority and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-
Profit Organizations. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Scranton Housing Authority and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-
Profit Organizations. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of the basic financial
statements.
Title: 2. Non-Cash Federal Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Scranton Housing Authority and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-
Profit Organizations. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The Authority did not receive any non-cash Federal assistance for the year ended
September 30, 2024.
Title: 3. Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Scranton Housing Authority and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-
Profit Organizations. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
At September 30, 2024, the Authority is not the guarantor of any loans outstanding.
Title: 4. Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Scranton Housing Authority and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-
Profit Organizations. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of the basic financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The Authority has elected not to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.