Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of Federal Awards includes the Federal Grant activity of the Enterprise Rancheria Indian Housing Authority and is presented on the modified 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Enterprise Rancheria Indian Housing Authority did not provide any federal awards to subrecipients during the fiscal year ended December 31, 2022.
Title: Loans Outstanding
Accounting Policies: The accompanying schedule of expenditures of Federal Awards includes the Federal Grant activity of the Enterprise Rancheria Indian Housing Authority and is presented on the modified 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Enterprise Rancheria Indian Housing Authority did not have any federal loans during the fiscal year ended December 31, 2022.
Title: Reconciliation of Reported Expenditures
Accounting Policies: The accompanying schedule of expenditures of Federal Awards includes the Federal Grant activity of the Enterprise Rancheria Indian Housing Authority and is presented on the modified 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of total federal expenditures reported on the schedule of expenditures of federal awards to the grant revenue total reported on the Housing Authoritys Statement of Revenues, Expenses and Changes in Net Position for the year ending December 31, 2022. Per Financials:Federal Grant Revenues: $1,793,221 Total Federal Grant Revenues:1,793,221 Per SEFA:Total Federal Expenditures per Schedule of Federal Awards: $1,793,221