Notes to SEFA
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: N/A
The accompanying schedule of expenditures of federal awards includes the federal award activity of Shawano
County Housing Authority under programs of the federal government for the year ended December 31, 2024. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance).
Because the schedule presents only a select portion of the operations of Shawano County Housing Authority, it is
not intended to, and does not, present the financial position, changes in net position or cash flows of the Shawano
County Housing Authority.
Title: Summary of Significant Accounting Policies
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: N/A
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.
Title: Indirect Cost Rate
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: N/A
Shawano County Housing Authority did not use the 10% de minimis cost rate.
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: N/A
Shawano County Housing Authority did not have any subrecipient expenditures.