Audit 41286

Accounting Policies: A.Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of South Suburban Housing Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget 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 the preparation of the basic financial statements.B.Indirect Facilities & Administration CostsSouth Suburban Housing Center did use the 10% de minimis cost rate.C.SubrecipientsOf the federal expenditures presented in the schedule, South Suburban Housing Center did not provide awards to any subrecipients.D.Non-Cash AssistanceSouth Suburban Housing Center did not provide Non-Cash Assistance. E.Other InformationSouth Suburban Housing Center did not spend any federal award dollars on insurance. There are no outstanding loans or loan guarantees at December 31, 2022. South Suburban Housing Center did have grants with matching expenditures. In accordance with the Uniform Guidance, those amounts were not included on the SEFA. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.