Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Santa Clara County Housing Authority, California (the Authority). The Authority’s reporting entity is defined in Note 1 of the Authority’s basic financial statements. 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. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of the Authority.
Amounts reported on the Schedule represent expenditures incurred for the Authority’s federal programs, and are reported on the accrual basis of accounting and include capitalized expenditures. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority did not elect to use the de minimis cost rate as covered in 2 CFR 200.414 Indirect (F&A) costs.
Amounts reported in the Schedule agree to or can be reconciled with the amounts reported in the related federal financial reports.
Amounts reported in the Schedule agree to or can be reconciled with the amounts reported in the Authority’s basic financial statements.