Audit 319665

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis o faccounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Centre for Homeownership & Economic Development Corporation, Inc. has elected not t ouse the 10% de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Grants are on a reimburseable basis or have approved budgets and percentages built in. The accompanying schedule of revenues and expenditures of federal and state awards (the"Schedule")includes the federal and state grant activity of Centre for Homeownership & Economic Development Corporation, Inc. under programs of the federal and state government for the year ended December 31, 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 Centre for Homeownership & Economic Development Corporation, Inc., it is not intended to and does not present the financial position, changes in netassets, or cashflows of Centre for Homeownership & Economic Development Corporation, Inc.

Title: Summary of Significant Accounting policies Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis o faccounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Centre for Homeownership & Economic Development Corporation, Inc. has elected not t ouse the 10% de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Grants are on a reimburseable basis or have approved budgets and percentages built in. Expenditures reported on the Schedule are reported on the accrual basis o faccounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Centre for Homeownership & Economic Development Corporation, Inc. has elected not t ouse the 10% de minimis indirect cost rate allowed under the Uniform Guidance.