Audit 16940

Accounting Policies: Note 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Byrd BarrPlace and Subsidiary (collectively, the Organization) under programs of the federal government for the year endedDecember 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Codeof Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, itis not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.Note 2 Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited as to reimbursement. The Organization has elected not to use the 10percent de minimis indirect cost rateallowed under the Uniform Guidance. Negative amounts shown on the Schedule, if any, represent adjustments or creditsmade in the normal course of business to amounts reported as expenditures in prior years. Passthrough entity identifyingnumbers are presented where available.Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an audit,certain expenses incurred are determined to be nonreimbursable, the Organization may be liable for repayment ofdisallowed expenses previously claimed or received. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.