Audit 17071

Title: BASIS OF PRESENTATION Accounting Policies: a) Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principles containedin the Uniform Guidance, wherein certain types of expenditures are not allowable orare limited as to reimbursement.b) Ross County Community Action Commission, Inc. has elected not to use the 10percent de minimus indirect cost rate as allowed under the Uniform Guidance.c) Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Ross County Community Action Commission, Inc. 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 (CFR) 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 Ross County Community Action Commission, Inc., it is not intended to and does not present Ross County Community Action Commission, Inc.'s financial position, changes in net assets, or cash flows.