Audit 30252

Title: Basis of presentation Accounting Policies: of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit or Uniform Guidance). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements, as described in the Compliance Supplement, was performed for the grant programs noted below. These programs represent Federal award programs for fiscal year 2022 cash and non-cash expenditures to ensure coverage of at least 20% of Federally granted funds. Actual coverage is 80% of total cash and non-cash Federal award program expenditures. Federal Department / Grant Program: Department of Treasury - American Rescue Plan Act 21.027 $5,186,046 / Department of Treasury - Emergency Rental Assistance Program COVID-19 21.023 $27,393,156 / Department of Housing and Urban Development Continuum of Care ("CoC") 14.267 $1,349,565. Total Federal Expenditures: $33,928,767. Expenditures reported on the Schedule of Expenditures of Federal Awards (the Schedule) are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Corporation has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying Schedule includes the Federal grant activity of the Corporation under programs of the Federal government for the year ended June 30, 2022, are reported on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance.