Audit 26692

Accounting Policies: NOTE 1 The Schedule of Expenditures of Federal Awards presents the activities of federal awardprograms expended by Horizon Public Health. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) from the Office of Management and Budget (OMB). Because the schedule presents only a selected portion of the operations of Horizon Public Health, itis not intended to and does not present the financial position or changes in net position of Horizon Public Health.NO .NOTE 3 Under these principles, certain types of expenditures are not allowable or are limited as to reimbursement. Horizon Public Health has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE 4 RECONCILIATION TO THE SCHEDULE OF INTERGOVERNMENTAL REVENUE Federal Grant Revenue per Schedule of Intergovernmental Revenue:$1,920,330 Expenditures above, not included as revenues on the Schedule of Intergovernmental Revenues 1,054 Revenues included on the Schedule of Intergovernmental Revenue that are not considered Federal Grant Expenditures - Expenditures per Schedule of Expenditures of Federal Awards $1,921,384 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.