Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The SEFA was prepared under the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee elected to use the cost rate assigned by HUD.
The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.