Notes to SEFA
Title: Major Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Plainfield 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 Plainfield Housing Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Plainfield Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use 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 Plainfield 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 Plainfield Housing Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Plainfield Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use 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 Plainfield 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 Plainfield Housing Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Plainfield Housing Authority.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use 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.