Audit 16281

Accounting Policies: 1.BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Miami Valley Community Action Partnership and Affiliates under programs of the federal government 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Miami Valley Community Action Partnership and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Miami Valley Community Action Partnership and Affiliates. 2.SIGNIFICANT ACCOUNTING POLICIES: (1) Expenditures reported on 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. (2) Miami Valley Community Action Partnership and Affiliates has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. (3) Pass-through identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.