Audit 293109

Title: Note 1 – Basis of Presentation Accounting Policies: Note 2 – Summary of Significant Accounting Policies 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. De Minimis Rate Used: N Rate Explanation: ACC did not elect to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance. ACC uses the indirect cost rate as determined by the granting agencies. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Asian Community Center of Sacramento Valley, Inc. dba ACC Senior Services (ACC) under programs of the federal government for the year ended December 31, 2021. 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 ACC, it is not intended to and does not present the consolidated financial position, changes in net assets, functional expenses, or cash flows of the Organization.

Title: Note 4 – Provider Relief Fund Accounting Policies: Note 2 – Summary of Significant Accounting Policies 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. De Minimis Rate Used: N Rate Explanation: ACC did not elect to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance. ACC uses the indirect cost rate as determined by the granting agencies. In accordance with guidance from the U.S. Department of Health and Human Services (HHS), the Organization included the Reporting Period 1 and Period 2 expenditures for Provider Relief Fund Assistance Listing Number 93.498 of $784,870 in the Schedule for the year ended December 31, 2021, to align with HHS reporting guidelines. In accordance with U.S. GAAP, the total amount of Provider Relief Fund assistance received by the Organization for Periods 1 and 2 was recognized as revenue during the year ended December 31, 2020, and is included in beginning net assets as of and for the year ended December 31, 2021.

Title: Note 5 – Subrecipients Accounting Policies: Note 2 – Summary of Significant Accounting Policies 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. De Minimis Rate Used: N Rate Explanation: ACC did not elect to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance. ACC uses the indirect cost rate as determined by the granting agencies. ACC did not provide federal awards to any sub-recipients during the year ended December 31, 2021.