Audit 359954

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the 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: Louisiana Housing Assistance Corp has elected not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the "Schedule" includes the federal award activity of Louisiana Housing Assitance Corp under programs of the federal government for the year ended September 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal REgulations (CFR), Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards Uniform Guidance)

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the 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: Louisiana Housing Assistance Corp has elected not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. ). Because the Schedule presents only a selected portion of the operations of Louisiana Housing Assistance Corp., it is not intended to and does not not present the financial position, changes in net assets, or cash flows of Louisiana Housing Assistance Corp.

Title: Subrecipients Accounting Policies: Expenditures reported on the Schedule are reported on the 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: Louisiana Housing Assistance Corp has elected not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. There was no awards passed through to sub-receipients.