Notes to SEFA
The Schedule of Expenditures of Federal Awards included herein represents all Federal grant awards of Broward County Housing Authority (the “Authority”) over which the Authority exercised direct operating control for the year ended September 30, 2024.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the 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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
Not included are $1 of Port-in expenses included in the statement of revenue and expenses based on a directive from HUD Real Estate Assessment Center.
The Authority has converted the existing Low-Income Public Housing utilizing the RAD program and those associated expenditures are reflected in the above Schedule of Expenditures of Federal Awards and those expenditures are being subsidized by HUD under separate legal entities, in the amount of $1,854,230 under CFDA# 14.195.
The Authority did not elect to use the 10-percent de minimis indirect cost rate.