Notes to SEFA
Included in federal expenditures is a $1,158,600 capital advance outstanding balance at December 31, 2025. See Note G to the financial statement for further details.
Housing Corporation of Acadiana, Inc. has elected not to use the 15% de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Housing Corporation of Acadiana, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.