Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (SEFA) includes the federal and state award activity of Fayetteville Housing Authority under programs of the federal and state government for the year ended September 30, 2025. 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 Fayetteville Housing Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of Fayetteville Housing Authority.
For the year ended September 30, 2025, the Fayetteville Housing Authority had no awards that were passed through to subrecipients.
Under the requirements of the federal award assistance listing number 14.872, Capital Fund programs 501- 22, 501-23, 501-24 and 501-25 the Authority may expend grant monies for eligible activities such as operations, management improvements, and administrative expenses. During 2025, under the Capital Fund Program, the Authority did not spend funds for these eligible activities.
At September 30, 2025, the Fayetteville Housing Authority had an outstanding commitment of $371,504 related to a capital project.