Title: SignificantAccounting Policies
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Organization, Financialand Reporting Entity
Title: Assets, Liabilities, Deferred Outflows, Inflows and Net Position
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Cash and cash equivalents, receivables, due from and due to, Notes receivables, other assets, capital assets, accounts payable and Debt
Title: Restricted net position
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Restricted net position summary
Title: Pension Plans
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Pension descriptions, contributions, expenses and actuarial assumptions.
Title: Stewardship, compliance and accountability
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Deficit net position of individual funds
Title: Contigencies
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Note that the Authority is subject to Federal regulators review
Title: Economic depency
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Describes Authority dependence of Federal awards
Title: Risk Management
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
describes the Authority's Risl esposure level
Title: Related Party
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Describes related party transactions
Title: Supplementary Information
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Describes Supplemental information prepared on basis prescribed by HUD.
Title: Subsequent Events
Accounting Policies: The Housing Authority of MyrtleBeach is a public body and a body corporate and politic organized under the laws of the State of South Carlina by the City of Myrtle Beach for the purpose of providing adequate housing for qualified low income individuals. The Authority is not subject to Federal or State income taxes and is not required to tile Federal or State income tax returns.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Describes events subsequent to June 30, 2023.