Notes to SEFA
Accounting Policies: Basis of Presentation. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of all federqal award programs of the Housing Authority of the City of Lake Charles. The Authority's reporting entity is defined in Note 1 of the Notes to the basis financial statements. The information in this schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administratiuon Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Basis of Accounting. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.