Audit 26047

Title: Basis of Presentation Accounting Policies: All Federal grant operations of Baltimore Metropolitan Council, Inc. (BMC) are included in the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements, as described in the Compliance Supplement, was performed for the grant program noted below. The programs in the Schedule of Federal Awards represent Federal award programs for fiscal year 2022 cash or non-cash expenditure activities. For our single audit testing, we tested the Federal award program below to ensure coverage of at least 20% of Federally granted funds. Our actual coverage was 23%.Expenditures reported on the schedule of expenditures of Federal awards are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. BMC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. 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 BMC under programs of the Federal government for the year ended June 30, 2022, on an accrual basis of accounting. The information in the Schedule is presented in accordance with the Single Audit.