Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Grundy County Public Housing Agency and presents expenditures on the accrual basis of accounting, except for subsidy programs, which follows REAC PHA - Financial Accounting Brief - Accounting Issue #10, which defines a Federal expenditure expended for single audit purposes as when dollars are received. The information in this schedule is presented in accordance with Uniform Guidance.
Grundy County Public Housing Agency did not elect to use the de minimis cost rate, the Organization does have a negotiated indirect cost rate agreement (NICRA)