Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activityof The Village at Oasis Park Phase II, Inc. (the Organization), HUD Project No. 123HD046, under programs ofthe federal government for the year ended September 30, 2022. The information is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because theschedule presents only a selected portion of the operations of the Organization, it is not intended to and doesnot present the financial position, changes in net assets or cash flows of the Organization. The Organizationreceived federal awards directly from federal agencies.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.