Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Mason City 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 (CFR) 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 presentation of, the financial statements.
The Housing Authority had no loans or loan guarantees required to be disclosed for the fiscal year ended June 30, 2025. The Housing Authority received no federal awards of non-cash assistance required to be disclosed for fiscal year ended June 30, 2025.