Audit 328519

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Victims of Communism Memorial Foundation (VOC) and is presented on the accrual basis of accounting. The information in the SEFA 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). Therefore, some amounts presented in the SEFA may differ from amounts presented in the basic financial statements. De Minimis Rate Used: Y Rate Explanation: VOC has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Victims of Communism Memorial Foundation (VOC) and is presented on the accrual basis of accounting. The information in the SEFA 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). Therefore, some amounts presented in the SEFA may differ from amounts presented in the basic financial statements.

Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Victims of Communism Memorial Foundation (VOC) and is presented on the accrual basis of accounting. The information in the SEFA 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). Therefore, some amounts presented in the SEFA may differ from amounts presented in the basic financial statements. De Minimis Rate Used: Y Rate Explanation: VOC has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance. VOC has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.