Notes to SEFA
Title: Major Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Waltham Housing Authority 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 the Uniform Guidance. Because the schedule presents only a selected portion of the
operations of the Waltham Housing Authority, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the Waltham Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee used the de minimis cost rate
The(*) to the right of an ALN identifies the grant as a major federal program as defined by Uniform
Guidance.
Title: Award Balance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Waltham Housing Authority 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 the Uniform Guidance. Because the schedule presents only a selected portion of the
operations of the Waltham Housing Authority, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the Waltham Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee used the de minimis cost rate
On the Housing Choice Voucher program, the Authority receives annual funds based on an annual
estimate of need. Unexpended grant funds are available to meet subsequent year HAP shortfalls.
Title: Program Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the Waltham Housing Authority 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 the Uniform Guidance. Because the schedule presents only a selected portion of the
operations of the Waltham Housing Authority, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the Waltham Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee used the de minimis cost rate
The amounts shown as current year expenditures represent only the federal and state portion of the
actual program costs. Actual program costs, including the Housing Authority's portion, may be more
than shown.