Audit 23727

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported based on the accrual basis of accounting. Such expenditures are recognized following the cost principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected to use the 10% de Minimis Indirect Cost Rate. The Organizations federal awards do not have any loans or loan guarantees. The Organization did not receive any federal noncash assistance for the fiscal year ended June 30,2022.The Organization provided local matching funds in excess of $942,288 and $416,743 in fiscal year 2022 and 2021, respectively. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state grant activity of Operation PAR, Inc. under programs of the federal and state government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Because the schedule presents only a selected portion of the operations of Operation PAR, Inc. it is not intended to and does not present the financial position, changes in net assets or cash flows of Operation PAR, Inc.