Audit 337398

Title: SUMMARIES OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimus cost rate Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represents adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Richmond and Henrico Public Health Foundation has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The program titles and assistance listing numbers included in the Schedule were determined based on the program name, review of grant contact information, and the Office of Management and Budget’s Assistance Listing numbers. Pass-through entity identifying numbers are presented where available.