Audit 346950

Accounting Policies: Note 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Roman Catholic Church of the Archdiocese of New Orleans Administrative Offices (the “Administrative Offices”) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (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 the Administrative Offices, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Administrative Offices. Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule of Expenditures of Federal Awards is presented on the accrual basis of accounting and in accordance with the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Grant revenues are recorded for financial reporting purposes when the Administrative Offices has met the qualifications for the respective grants. De Minimis Rate Used: N Rate Explanation: Note 3 - INDIRECT COST RATE The Administrative Offices has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.