Notes to SEFA
Federal award expenditures are reported in the Housing Authority’s basic financial statements as follows:
The Housing Authority did not have any federal loans or loan guarantees outstanding during the year ended June 30, 2025.
During the year ended June 30, 2025, the Housing Authority had no subrecipients.
The Housing Authority did not receive any noncash assistance or federally funded insurance during the year ended June 30, 2025.
Grant monies received and disbursed by the Housing Authority are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, Housing Authority does not believe that such disallowance, if any, would have a material effect on the financial position of the Housing Authority.