Notes to SEFA
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.
No findings were noted during the Red Wing Housing and Redevelopment Authority financial statement audit for the year ended December 31, 2025.
Red Wing Housing and Redevelopment Authority had no expenditures to subrecipients for the year ended December 31, 2025.