Audit 24727

Accounting Policies: Basis of Presentation: The accompanying Consolidated Schedule of Expenditures of Federal Awards (the "Schedule")includes the federal assistance activity of Community Action Programs Inter-City, Inc. and Affiliate (the"Agency") under programs of the federal government for the year ended June 30, 2022. Theinformation in the schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards ("Uniform Guidance"). Because the schedule presents only a selected portion of theoperations of the Agency, it is not intended to and does not present the financial position, changes innet assets, or cash flows of the Agency.Summary of Significant Accounting Policies:Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.