Audit 299170

Accounting Policies: 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. Basis of presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Accessible Country Trail II, Inc., dba Swan Creek Apartments under programs of the federal government for the year ended June 30, 2023. 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 Accessible Country Trail II, Inc., dba Swan Creek Apartments, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Accessible Country Trail II, Inc., dba Swan Creek Apartments. De Minimis Rate Used: N Rate Explanation: Accessible Country Trail II, Inc., dba Swan Creek Apartments has elected not to use the ten-percent de minimis indirect cost rate as allowed under the Uniform Guidance.