Audit 17528

Accounting Policies: NOTE 1GENERAL The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Temporary Shelter, Inc., (the Organization). The information in the Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. NOTE 2BASIS OF ACCOUNTINGExpenditures 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 for all awards with the exception of Assistance Listing 21.019, which follows criteria determined by the Department of Treasury for allowability of costs. Under these principles, certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. NOTE 3INDIRECT COST RATEThe Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.NOTE 4CONTINGENCIESUnder the terms of federal and state grants, additional audits may be requested by the grantor agencies and certain costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.