Title: Note C - Sub-Recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of the Housing Authority of the City of Fort Myers, Florida 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""). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Housing Choice Voucher Program, CFDA No. 14.871, to be considered an expenditure for the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended March 31, 2022, the Authority had no sub-recipients.
Title: Note D - Noncash Assistance and Other
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of the Housing Authority of the City of Fort Myers, Florida 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""). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Housing Choice Voucher Program, CFDA No. 14.871, to be considered an expenditure for the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended March 31, 2022.
Title: Note E - Cares Act Funding
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of the Housing Authority of the City of Fort Myers, Florida 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""). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.In accordance with HUD regulations, HUD considers the Annual Budget Authority for the Housing Choice Voucher Program, CFDA No. 14.871, to be considered an expenditure for the purposes of this schedule. Therefore, the amount in this schedule is the total amount received directly from HUD.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority had no remaining CARES Act funding awarded but unspent as of the year ended March 31, 2022.