Notes to SEFA
Title: Nonmonetary Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing and Redevelopment Authority of Douglas County and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as reimbursement.
The Housing Authority received no federal awards of nonmonetary assistance that are required to be disclosed for the year ended December 31, 2022.
Title: Uniform Guidance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing and Redevelopment Authority of Douglas County and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as reimbursement.
The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the presentation of the financial statements.