Notes to SEFA
The accompanying schedule presents the expenditures incurred (and related awards received) by Sheridan Housing Authority (Authority) that are reimbursable under federal programs of federal agencies providing financial assistance and state awards. For the purposes of this schedule, only the portion of program expenditures reimbursable with such federal or state funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal or state reimbursement authorized or the portion of the program expenditures that were funded with local or other nonfederal funds are excluded from the accompanying schedule.
The expenditures included in the accompanying schedule were reported on an accrual basis of accounting. Expenditures are recognized in the accounting period in which the related liability is incurred. Expenditures reported included any property or equipment acquisitions incurred under the federal program.
The Authority has elected not to use the de minimis indirect cost rate permitted under 2 CFR 200.414(f)
Federal grants received by the Authority are subject to review and audit by grantor agencies.
The Authority does not participate with any subrecipient organizations for the administration or performance of its’ federal programs.