Title: Basis of Presentation
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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of TrueNorth Community Services and Center for Nonprofit Housing 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of TrueNorth Community Services and Center for Nonprofit Housing, it is not intended to and does not present the financial position, changes in net assets, or cash flows of TrueNorth Community Services and Center for Nonprofit Housing.
Title: Grant Section Auditor Report
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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Management has utilized the MDE NexSys Grant, Application and Cash Management System Grant Auditor Report (GAR) in preparing the Schedule of Expenditures of Federal Awards.
Title: Federal Income Reconciliation
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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grant ExpendituresPer ScheduleFederalof FederalRevenue PerFinancialFinancialAssistanceStatementsDifferenceTRUENORTH COMMUNITY SERVICESTwenty-First Century Community Learning Centers $1,170,139 $1,170,139 $- Low-Income Home Energy Assistance 2,004,114 2,004,114 - Temporary Assistance for Needy Families 32,567 32,567 - Child Care Development Fund Cluster 271,721 271,721 - Emergency Solutions Grant Program 525,684 525,684 - Continuum of Care Program 407,961 407,961 - Emergency Food and Shelter National Board Program 60,674 60,674 - COVID Emergency Rental Assistance 2,449,258 2,449,258 - Child and Adult Care Food Program 39,447 39,447 - CENTER FOR NONPROFIT HOUSINGHUD Housing Counseling Program 34,155 34,155 - Coronavirus State and Local Fiscal Recovery Funds 10,296 10,296 - Total Federal Programs $7,006,016 $7,006,016 $-