Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Indian River County 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). Because the Schedule presents only a selected portion of the operations of Indian River County Housing Authority, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Indian River County Housing Authority.
Indian River County Housing Authority has received Rural Development revenue bonds under 10.405. The bonds outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Indian River County Housing Authority received no additional bonds during the year. The balance of the bonds outstanding at September 30, 2025 consists of: Federal Assistance Listing Number - 10.405; Program Name - Farm Labor Housing Bonds and Grants; Outstanding Balance at September 30 2025 - $1625000