Audit 19098

Accounting Policies: NOTE 1 - BASIS OF PRESENTATION:The accompanying Schedule of Expenditures of Federal Awards (the schedule) is presented on the accrual basis of accounting. The purpose of the schedule is to present a summary of those activities represented by Door of Hope, Inc. for the year ended December 31, 2022, which have been financed by the U.S. Government (federal awards). For the purpose of the schedule, federal awards include all of federal assistance and procurement relationships entered into directly between Door of Hope, Inc., it is not intended to and does not present either the financial position or the changes in fund balances of Door of Hope, Inc. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Individual awards within each category of federal awards are identified by CFDA number and program name if the award is individually significant to the category of award. All other awards are presented in total by funding agency.NOTE 2 - BASIS OF ACCOUNTING:Revenue is recognized when received or when earned by the organization.The expenditures presented in the schedule were developed from grant records and federal financial reports which have been reconciled to the central accounting records of Door of Hope, Inc.Door of Hope, Inc. has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.NOTE 3 - CONTINGENCIES:The federal and state grants received by Door of Hope, Inc. are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agen ies could make a claim for reimbursement, which would become a liability of Door of Hope, Inc De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.