Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of the Housing Authority of the County of Erie (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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority. Component Unit The Authority’s financial statements include operations of Erie County Rentals, Inc. (ECR), a for-profit organization, which reported $5,355,800 on their schedule of federal awards for the period of November 7, 2024 – December 31, 2024 that are not included in the accompanying Schedule for the year ended December 31, 2024. The expenses of ECR, Inc. are excluded because ECR completed a separate audit in accordance with Uniform Guidance.
Please see table on page 43 of the Single Audit.