Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Minneapolis Public
Housing Authority, and is presented on the accrual basis of accounting. 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"). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Moving to Work Demonstration
Program AL No. 14.881 and Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for
the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and
not the total expenditures paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Minneapolis Public
Housing Authority, and is presented on the accrual basis of accounting. 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"). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Moving to Work Demonstration
Program AL No. 14.881 and Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for
the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and
not the total expenditures paid by the Authority.
Title: NOTE B - FEDERAL AWARD RECEIVING A SEPARATE AUDIT
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Minneapolis Public
Housing Authority, and is presented on the accrual basis of accounting. 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"). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Moving to Work Demonstration
Program AL No. 14.881 and Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for
the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and
not the total expenditures paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards excludes $3,622,069 of expenditures for the Community
Development Block Grant of the Authority. The Authority's blended component unit, Community Housing Resources, Inc.,
receives a separately issued schedule of expenditures of federal awards and audit performed in accordance with the
requirements of Uniform Guidance for the year ended December 31, 2024.
Title: NOTE C - INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Minneapolis Public
Housing Authority, and is presented on the accrual basis of accounting. 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"). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Moving to Work Demonstration
Program AL No. 14.881 and Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for
the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and
not the total expenditures paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The Authority did not elect to use the 10-percent de minimis indirect cost rate.
Title: NOTE D - SUB-RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Minneapolis Public
Housing Authority, and is presented on the accrual basis of accounting. 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"). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Moving to Work Demonstration
Program AL No. 14.881 and Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for
the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and
not the total expenditures paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
During the year ended December 31, 2024, the Authority had no sub-recipients.
Title: NOTE E - NONCASH ASSISTANCE AND OTHER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Minneapolis Public
Housing Authority, and is presented on the accrual basis of accounting. 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"). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Moving to Work Demonstration
Program AL No. 14.881 and Section 8 Housing Choice Voucher Program ("HCV"), AL No. 14.871, to be an expenditure for
the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD and
not the total expenditures paid by the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not elect to use the 10-percent de minimis indirect cost rate.
The Authority did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended
December 31, 2024.