Notes to SEFA
The accompanying schedule of expenditures of federal awards present the activity of all federal financial assistance programs of the Housing Authority of the City of Linden. The Authority is defined in the notes to the Authority’s basic financial statements. All federal awards received directly from federal or state agencies, as well as federal financial assistance passed through other government agencies is included on the schedule of expenditures of federal awards and state financial assistance.
The accompanying schedule of expenditures of awards is presented using the accrual basis of accounting.
Amounts reported in the accompanying schedule agree with amounts reported in the Authority’s basic financial statements.
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal and state financial reports.
Matching contributions expended by the Authority in accordance with terms of the various grants are not reported in the accompanying schedule.
The Authority had year-end loan balances of $-0- for Reimbursement Loans, Loan Advances and Revolving Loans.
The accompanying schedule does not include any indirect costs that were claimed for reimbursement.