Audit 28468

Title: 3. SUBRECIPIENTS: Accounting Policies: 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION: 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. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Macomb County Rotating Emergency Shelter Team under programs of the federal government for the year ended December 31, 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 Macomb County Rotating Emergency Shelter Team, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Macomb County Rotating Emergency Shelter Team. De Minimis Rate Used: N Rate Explanation: 2. INDIRECT COST RATE: Macomb County Rotating Emergency Shelter Team has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. There were awards passed through to subrecipients.