Audit 341271

Title: Note A - Basis of Accounting: Accounting Policies: (1) Expenditures 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. (2) Hampton-Newport News Community Services Board did not elect to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance. (3) Pass-through identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Hampton-Newport News Community Services Board did not elect to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Hampton-Newport News Community Services Board under programs of the federal government for the year ended June 30, 2024. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Hampton-Newport News Community Services Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Hampton-Newport News Community Services Board.

Title: Note C - Subrecipients Accounting Policies: (1) Expenditures 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. (2) Hampton-Newport News Community Services Board did not elect to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance. (3) Pass-through identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Hampton-Newport News Community Services Board did not elect to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance. No awards were passed through to subrecipients.