Audit 334133

Title: Basis of Presentation Accounting Policies: Expenditures reported on the SEFA 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: Y Rate Explanation: During the year ended June 30, 2024, the Museum elected to use the 10% de minimus cost rate as covered in section 200.414 of the Uniform Guidance. The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of The National World War II Museum, Inc. and Subsidiaries (the Museum) 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the Museum, it is not intended to and does not present the financial position, changes in net assets, or cash flow of the Museum.