Audit 309182

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Bridge Ministries, Inc, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of Bridge Ministries, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bridge Ministries, Inc. Expenditures reported in 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. Federal awards expended include the amount of new Federal loans made or received during the year, plus the beginning of the year balance of loans from previous years for which there are continuing compliance requirements, plus any interest subsidy, cash, or administrative cost allowance received. Bridge Ministries, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Bridge Ministries, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.