Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the PHA under programs of federal government for the year ended June 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 the PHA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the PHA.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. (2) HUD does not permit the PHA to use the 10 percent de minimis indirect cost rate under the Uniform Guidance. Accordingly, the PHA did not apply the de minimis indirect cost rate to its federal programs. (3) In accordance with HUD guidelines, expenditures of federal awards for the fiscal year ended June 30, 2025 are as follows: • Section 8 Housing Choice Voucher Program – Total program expenditures • EHV Emergency Housing Voucher – Total program expenditures
The PHA provided no federal awards to subrecipients during the year ended June 30, 2025.