Notes to SEFA
The Schedule of Financial Assistance is prepared on the GAAP basis of accounting.
The (*) to the right of an ALN identifies the grant as a major federal program as defined by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
On the Housing Choice Vouchers program, the Authority receives annual funds based on an annual estimate of need. Unexpended grant funds are used to meet subsequent year HAP shortfalls.
The amounts shown as current year expenditures represent only the federal portion of the actual program costs. Actual program costs, including the housing Authority's portion, may be more than shown.
The Authority has not elected to use the 15-percent de minimis indirect cost rate as allowed under Uniform Guidance.