Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: PHA has not elected to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and city awards (the Schedule) includes the federal and city grant activity of Philadelphia Housing Authority (PHA or the Authority) under programs of the federal government for the year ended March 31, 2023, except for the federal grant activity, if any, of PHA’s 45 discrete component units that is not received from PHA. The Authority’s organizational structure is defined in Note 2 of the Notes to Financial Statements. The information in the Schedule is reported 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) and City of Philadelphia Subrecipient Audit Guide. Because the Schedule presents only a selected portion of the operations of PHA, it is not intended to and does not present the financial position, changes in net position or cash flows of PHA.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: PHA has not elected to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: PHA has not elected to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
PHA has not elected to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Title: Note 4. Expenditures to Subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: PHA has not elected to use the 10-percent de minimis indirect rate as allowed under the Uniform Guidance.
Of the federal expenditures presented in the schedule, PHA provided federal awards to subrecipients as follows: Number 14.881, Moving to Work Demonstration Program, Amount Provided $14,220,585. See the Notes to the SEFA for chart/table.