Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: NOTE 1: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial award programs of the Housing Authority of the City of Lander, Wyoming and is presented on the accrual basis. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1711855.
Title: Subrecipients
Accounting Policies: NOTE 1: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial award programs of the Housing Authority of the City of Lander, Wyoming and is presented on the accrual basis. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority has not passed any awards through to subrecipients.