Audit 27773

Accounting Policies: Note A Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Religious Coalition for Emergency Human Needs, Inc. (a nonprofit organization), under programs of the federal government for the nine months ended September 30, 2022. 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). Because the Schedule presents only a selected portion of the operations of Religious Coalition for Emergency Human Needs, Inc., it is not intended to and does not present the financial position, changes in nets asset, or cash flows of Religious Coalition for Emergency Human Needs, Inc. MAJOR PROGRAM Department of the Treasury CFDA # 21.023 Emergency Rental Assistance Program ERA 1 provided $25 billion for the US Department of the Treasury (Treasury). ERA 1 award funds may be used to provide financial assistance and housing stability service to eligible households between March 15, 2021 and December 31, 2021. This program provides emergency rental assistance and utility assistance to individuals and families who have been impacted by the COVID-19 crisis. ERA 2 provided $21.55 billion for the US Department of the Treasury (Treasury). ERA 2 award funds may be used to assist eligible households with financial assistance and to provide housing stability services and, as applicable, to cover the costs for other affordable rental housing and eviction prevention activities. Note B Summary of Significant Accounting Policies(1)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.(2)Religious Coalition for Emergency Human Needs, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance; they utilize the indirect cost rates agreed upon in the applicable grant document. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.