Audit 332867

Title: Basis of Presentation Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Center Township Elderly Housing, Inc., HUD Project No. 033-EE055 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The Project has elected to not use the 10% de minimis indirect cost rate. The schedule of expenditures of federal awards includes the federal grant activity of Center Township Elderly Housing, Inc., HUD Project No. 033-EE055 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.

Title: De Minimis Indirect Cost Rate Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Center Township Elderly Housing, Inc., HUD Project No. 033-EE055 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The Project has elected to not use the 10% de minimis indirect cost rate. The Project has elected to not use the 10% de minimis indirect cost rate.