Audit 34095

Title: Loan/loan guarantee outstanding balances Accounting Policies: Note 1 Summary of Certain Significant Accounting Policies: GeneralThe accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal grant activity of Neighborhood Service Organization, Inc. under the programs of the federal and state government for the year ending June 30, 2022. Federal and state awards that are included in the schedule may be received directly from federal and state agencies as well as federal and state awards that are passed through from other government agencies. The information is presented in accordance with the requirements of Title 2 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Neighborhood Services Organization, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Non-Cash BenefitsAssistance to women and infants under the WIC programs administered by NSO as reported on the Statement of Expenditures of Federal and State Awards, was provided in the form of free health and wellness consultation, and to eligible individuals, the provision of a voucher allowing the individual to acquire certain formula and supplies at participating vendor stores. Vouchers are funded by the state of Oklahoma directly to vendor stores and not through NSO. 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 allowed or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Indirect Cost MethodIndirect costs are determined by contractual arrangement with the grantingorganization. NSO does not use the 10% de minimis indirect cost rate. e auditee did not use the de minimis cost rate. HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239) - Balances outstanding at the end of the audit period were 129083.