Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activityof all federal awards programs of the Caldwell Parish Housing Authority for the year ended March 31, 2023. The Housing Authority's reporting entity is defined in Note 1 to the Housing Authority's basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on the schedule. 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). Because the Schedule presents only a selected portion of the operations of the Housing Authority, it is not entended to and does not.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Housing Authority's basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditres are not allowable or are limited as to reimbursement.
Federal awards revenues are reported in the Housing Authority's basic financial statements as follows: See the Notes to the SEFA for chart/table.
For those funds that have matching revenues and state funding, federal expenditures were determined by deducting matching revenues from total expenditures
The Housing Authority has elected not to use the 10-percent de minimis indirect cost rate allowable under the Uniform Guidance.