Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Pulaski County Public Housing Authority under programs of the federal government for the year ended December 31, 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), except for subsidy programs, which follow REAC PHA - Financial Accounting Brief - Accounting Issue #10, which defines a Federal expenditure expended for single audit purposes as when dollars are received.
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 allowable or are limited as to reimbursement.
Indirect costs charged to the Authority are based on MOCA’s approved rate and allocated to benefiting programs in accordance with the administrative agreement between MOCA and the Authority. The Authority has not elected to use the de minimis indirect cost rate under the Uniform Guidance.