The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of the Authority under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of the Authority, it is not intended to and does not present the financial position, changes in net position or cash flows of the Authority. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the financial statements.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
The Authority has not elected to use the fifteen percent de minimis indirect cost rate allowed under the Uniform Guidance for federal programs awarded on or after October 1, 2024 or the ten percent de minimis indirect cost rate for federal programs awarded prior to October 1, 2024.
The total amounts of Capital Fund Program Costs and Advances incurred and earned by the Authority as of and for the year ended December 31, 2025 are provided herein: 501-20 501-21 501-22 501-23 501-24 Totals Budget $ 441,467 $ 374,541 $ 455,779 $ 470,592 $ 475,113 $ 2,217,492 Advances: Cumulative through 12/31/2024 $ 441,467 $ 372,848 $ 454,229 $ 368,524 $ - $ 1,637,068 Current Year - 1,693 1,550 102,068 373,045 478,356 Cumulative through 12/31/2025 441,467 374,541 455,779 470,592 373,045 2,115,424 Costs: Cumulative through 12/31/2024 441,467 372,848 454,229 368,524 - 1,637,068 Current Year - 1,693 1,550 102,068 373,045 478,356 Cumulative through 12/31/2025 441,467 374,541 455,779 470,592 373,045 2,115,424 Excess / (Deficiency) $ - $ - $ - $ - $ - $ - As of December 31, 2025, Public Housing Capital Fund Grants IL01P037501-23, IL01P037501-22, IL01P037501-21 and IL01P037501-20 with approved funding of $470,592, $455,779, $374,541 and $441,467, respectively, have been fully drawn down and expended as per Capital Fund Grant Regulations. 45