Notes to SEFA
Title: Loan Balance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial award programs of the Housing Authority of the City of Lander, Wyoming and is presented on the accrual basis. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The balance of federal loan outstanding as of June 30, 2023 is $1,700,877.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial award programs of the Housing Authority of the City of Lander, Wyoming and is presented on the accrual basis. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Authority has not passed any awards through to subrecipients.