Audit 314928

Title: Basis of Presentation Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompany Schedule of Expenditures of Federal Awards (the Schedule) includes expenditures on the accrual basis of Carrfour Supportive Housing Inc. (a Florida non-profit corporation) and subsidiaries under programs of the federal government for the year ended December 31, 2023. The information in the schedule is presented in accordance with the requirements of the information in the 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 Carrfour Supportive Housing, Inc. and its subsidiaries, it is not intended to and does not present the consolidated statements of activities, changes in net assets, and cash flows of Carrfour Supportive Housing, Inc. and its subsidiaries. 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, as applicable, the cost principles contained in OMB Circular A-122, “Cost Principles for Non-Profit Organizations” and the cost principles contained in the Uniform Guidance. Carrfour Supportive Housing, Inc. and its subsidiaries has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. NOTE 3 - LOAN AND CAPITAL ADVANCE PROGRAM The outstanding balance of loan and loan guarantee programs as of December 31, 2023 with continuing compliance requirements which are reported as federal expenditures on the accompanying schedule of expenditures of federal awards was $8,702,592. De Minimis Rate Used: N Rate Explanation: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in OMB Circular A-122, “Cost Principles for Non-Profit Organizations” and the cost principles contained in the Uniform Guidance. Carrfour Supportive Housing, Inc. and its subsidiaries has elected not to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. The accompany Schedule of Expenditures of Federal Awards (the Schedule) includes expenditures on the accrual basis of Carrfour Supportive Housing Inc. (a Florida non-profit corporation) and subsidiaries under programs of the federal government for the year ended December 31, 2023. The information in the schedule is presented in accordance with the requirements of the information in the 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 Carrfour Supportive Housing, Inc. and its subsidiaries, it is not intended to and does not present the consolidated statements of activities, changes in net assets, and cash flows of Carrfour Supportive Housing, Inc. and its subsidiaries.