Notes to SEFA
The Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of the Authority. All federal awards received directly from federal agencies as well as federal awards passed through other governmental agencies or other entities are included in the Schedule. The Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Authority’s Schedule of Expenditures of Federal Awards has been prepared using the same basis of accounting as the December 31, 2025, financial statements of the Authority. The Authority reports to HUD using the accrual basis of accounting. A complete description of the basis of accounting is included in Note 1 to those financial statements.
In connection with various federal grant programs, the Authority is obligated to administer related programs and spend the funds in accordance with regulatory restrictions and is subject to audit by grantor agencies and other auditors. In cases of noncompliance, the agencies involved may require the Authority to refund program funds.
Public Housing Capital Fund Detail by Grant Year Identifying ALN Total Prior Year Current Year Remaining Number Number Grant Expenditures Expenditures Grant UT06P007501-20 14.872 615,583 615,583 - - UT06P007501-22 14.872 796,328 772,949 23,379 - UT06P007501-23 14.872 823,679 - 823,679 - UT06P007501-24 14.872 822,099 - 294,882 527,217 Total $ 3,057,689 $ 1,388,532 $ 1,141,940 $ 527,217