Title: Note 1 – Basis of Presentation
Accounting Policies: Note 1 – Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of Johnson County (Authority) and is presented on the accrual basis of accounting.
The schedule summarizes the federal funds expended by the Authority under the programs of the federal government during the year ended March 31, 2023. The schedule of expenditures of federal awards displays the Authority’s expenditures charged to federal programs for the year ended March 31, 2023, the cost principals in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not implemented the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Note 2 – Sources of Funding
The schedule includes all grants and contracts entered into directly between the Authority and agencies and departments of the federal government, as well as federal funds passed-through to the Authority by primary recipients. The Authority provided no part of its direct grant federal dollars to sub-recipients.
The Authority did not receive any non-cash assistance from federal funds and had no federal insurance as of March 31, 2023.
Note 3 - Reconciliation of Federal Expenditures
Total Federal Expenditures per Schedule of Federal Awards $ 1,204,183
Reconciling item: Department of Agriculture, Rural Housing (Note 15) -756,989
Total Federal Assistance per Financial Statements $ 447,194
HUD grants $ 429,006
Rural Development 18,188
$ 447,194
De Minimis Rate Used: N
Rate Explanation: It has not been implemented.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of Johnson County (Authority) and is presented on the accrual basis of accounting.
The schedule summarizes the federal funds expended by the Authority under the programs of the federal government during the year ended March 31, 2023. The schedule of expenditures of federal awards displays the Authority’s expenditures charged to federal programs for the year ended March 31, 2023, the cost principals in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not implemented the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule summarizes the federal funds expended by the Authority under the programs of the federal government during the year ended March 31, 2023. The schedule of expenditures of federal awards displays the Authority’s expenditures charged to federal programs for the year ended March 31, 2023, the cost principals in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not implemented the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Authority under the programs of the federal government during the year ended March 31, 2023. The schedule of expenditures of federal awards displays the Authority’s expenditures charged to federal programs for the year ended March 31, 2023, the cost principals in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not implemented the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 2 – Sources of Funding
Accounting Policies: Note 1 – Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of Johnson County (Authority) and is presented on the accrual basis of accounting.
The schedule summarizes the federal funds expended by the Authority under the programs of the federal government during the year ended March 31, 2023. The schedule of expenditures of federal awards displays the Authority’s expenditures charged to federal programs for the year ended March 31, 2023, the cost principals in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not implemented the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Note 2 – Sources of Funding
The schedule includes all grants and contracts entered into directly between the Authority and agencies and departments of the federal government, as well as federal funds passed-through to the Authority by primary recipients. The Authority provided no part of its direct grant federal dollars to sub-recipients.
The Authority did not receive any non-cash assistance from federal funds and had no federal insurance as of March 31, 2023.
Note 3 - Reconciliation of Federal Expenditures
Total Federal Expenditures per Schedule of Federal Awards $ 1,204,183
Reconciling item: Department of Agriculture, Rural Housing (Note 15) -756,989
Total Federal Assistance per Financial Statements $ 447,194
HUD grants $ 429,006
Rural Development 18,188
$ 447,194
De Minimis Rate Used: N
Rate Explanation: It has not been implemented.
The schedule includes all grants and contracts entered into directly between the Authority and agencies and departments of the federal government, as well as federal funds passed-through to the Authority by primary recipients. The Authority provided no part of its direct grant federal dollars to sub-recipients.
The Authority did not receive any non-cash assistance from federal funds and had no federal insurance as of March 31, 2023.
Title: Note 3 - Reconciliation of Federal Expenditures
Accounting Policies: Note 1 – Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Housing Authority of Johnson County (Authority) and is presented on the accrual basis of accounting.
The schedule summarizes the federal funds expended by the Authority under the programs of the federal government during the year ended March 31, 2023. The schedule of expenditures of federal awards displays the Authority’s expenditures charged to federal programs for the year ended March 31, 2023, the cost principals in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Authority has not implemented the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Note 2 – Sources of Funding
The schedule includes all grants and contracts entered into directly between the Authority and agencies and departments of the federal government, as well as federal funds passed-through to the Authority by primary recipients. The Authority provided no part of its direct grant federal dollars to sub-recipients.
The Authority did not receive any non-cash assistance from federal funds and had no federal insurance as of March 31, 2023.
Note 3 - Reconciliation of Federal Expenditures
Total Federal Expenditures per Schedule of Federal Awards $ 1,204,183
Reconciling item: Department of Agriculture, Rural Housing (Note 15) -756,989
Total Federal Assistance per Financial Statements $ 447,194
HUD grants $ 429,006
Rural Development 18,188
$ 447,194
De Minimis Rate Used: N
Rate Explanation: It has not been implemented.
Total Federal Expenditures per Schedule of Federal Awards $ 1,204,183
Reconciling item: Department of Agriculture, Rural Housing (Note 15) -756,989
Total Federal Assistance per Financial Statements $ 447,194
HUD grants $ 429,006
Rural Development 18,188
$ 447,194