Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards ("SEFA") is a summary of the Housing Authority's federal award programs for the year ended September 30, 2025. The information in this SEFA 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).
Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Housing Authority has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended September 30, 2025, the Authority did not provide federal awards to subrecipients.
The Housing Authority has evaluated the effects of all subsequent events from October 1, 2024, through March 24, 2026 the date the SEFA was available to be issued, for potential recognition or disclosure in this SEFA.