Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Housing Authority of the City of McAllen dba McAllen Housing Commission (MHC) and is presented on the accrual basis of accounting, which is the same basis as was used to prepare the financial statements. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Programs.
MHC did not provide any federal awards to subrecipients during the year.
MHC did not have any loans or loan guarantee programs outstanding at June 30, 2025.
MHC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.