Audit 15872

Title: BASIS OF PRESENTATION Accounting Policies: A.) EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN OMB CIRCULAR A-122, COST PRINCIPLES FOR NON-PROFIT ORGANZATIONS, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT. B.) PASS-THROUGH ENTITY IDENTIFYING NUMBERS ARE PRESENTED WHERE AVAILABLE. C.) THE CENTER FOR HEIRS' PROPERTY PRESEVATION HAS ELECTED TO USE THE 10-PERCENT DE MINIMIS INDIRECT COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE. De Minimis Rate Used: Y Rate Explanation: THE AUDITEE USED THE DE MINIMIS COST RATE. THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") REPORTS THE COSTS OF FEDERAL AWARD ACTIVITY ON THE ACCRUAL BASIS OF ACCOUNTING. THE SCHEDULE INCLUDES THE FEDERAL AWARD ACTIVITY OF THE CENTER FOR HEIRS' PROPERTY PRESERVATION FOR THE YEAR ENDED DECEMBER 31, 2022. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINICPLES AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). BECAUSE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF THE CENTER FOR HEIRS' PROPERTY PRESERVATION, IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS, OR CASH FLOWS OF THE CENTER FOR HEIRS' PROPERTY PRESERVATION.