Audit 347409

Title: BASIS OF PRESENTATION Accounting Policies: All Federal grant operations of Pathways for Housing DC (Pathways DC) are included in the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was performed in accordance with the provisions of the Office of Management and Budget Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements, as described in the Compliance Supplement, was performed for the major grant program noted below. The programs on the schedule of expenditures of Federal awards (the Schedule) represent all Federal award programs with fiscal year 2024 cash or non-cash expenditure activities. For Single Audit testing, we tested to ensure coverage of at least 40% of Federally granted funds. Actual coverage is 40%. The major program tested is listed below. Expenditures reported on the Schedule are recognized following the cost principles contained in the Single Audit, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pathways DC uses approved indirect cost rates for all Federal awards. Pathways DC uses the 10% de minims rate when allowed by the grantor. De Minimis Rate Used: Y Rate Explanation: Pathways DC uses approved indirect cost rates for all Federal awards. Pathways DC uses the 10% de minims rate when allowed by the grantor. The accompanying Schedule includes the Federal award activity of Pathways DC presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the cost principles contained in the Single Audit.