Audit 324800

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Christ Church Harbor Apartments, Inc. under programs of the federal government for the year ended June 30, 2024. 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 Christ Church Harbor Apartments, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Christ Church Harbor Apartments, Inc.. Expenditures reported on 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. De Minimis Rate Used: N Rate Explanation: Christ Church Harbor Apartments, Inc. has elected not to use the ten percent (10%) de minimis indirect cost rate allowed under the Uniform Guidance.