Audit 346122

Title: NOTE 1: Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal grant activity of Community Development Support Association, Inc. 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 schedule presents only a selected portion of the operations of Community Development Support Association, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of Community Development Support Association, Inc. De Minimis Rate Used: N Rate Explanation: Community Development Support Association, Inc. has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal and State Awards includes the federal grant activity of Community Development Support Association, Inc. 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 schedule presents only a selected portion of the operations of Community Development Support Association, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of Community Development Support Association, Inc.

Title: NOTE 2: Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal grant activity of Community Development Support Association, Inc. 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 schedule presents only a selected portion of the operations of Community Development Support Association, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flow of Community Development Support Association, Inc. De Minimis Rate Used: N Rate Explanation: Community Development Support Association, Inc. has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance. 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 allowable or are limited as to reimbursement. Community Development Support Association, Inc. has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.