Audit 351419

Title: Basis of Presentation Accounting Policies: Grant activity is presented on the accrual basis of accounting and in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards. Reimbursable amounts are generally recognized when incurred exceot for the U.S. reception and placement program, which is based on the number of authorized refugees resettled. De Minimis Rate Used: N Rate Explanation: CWS has elected not to use the 10-percent de minimus indirect cost rate allowed under the uniform guidance The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Church World Service, Inc. (“CWS”) and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements, which are prepared in conformity with U.S. generally accepted accounting principles. Amounts reimbursable under U.S. governmental programs are generally recognized in the period in which the expenses are incurred except for the U.S. Reception and Placement Program, which is principally bsed on the number of authorized refugees resettled.

Title: Contingency Accounting Policies: Grant activity is presented on the accrual basis of accounting and in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards. Reimbursable amounts are generally recognized when incurred exceot for the U.S. reception and placement program, which is based on the number of authorized refugees resettled. De Minimis Rate Used: N Rate Explanation: CWS has elected not to use the 10-percent de minimus indirect cost rate allowed under the uniform guidance CWS's grant programs are subject to audit and adjustment by the respective federal agencies. If any expenditures are disallowed by the grantor agencies, as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of CWS. In the opinon of management, all grant expenditures are in compliance with the terms of the grant agreements and applicable federal and state laws and regulations,

Title: De-Mininimus Indirect Cost Rate Accounting Policies: Grant activity is presented on the accrual basis of accounting and in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards. Reimbursable amounts are generally recognized when incurred exceot for the U.S. reception and placement program, which is based on the number of authorized refugees resettled. De Minimis Rate Used: N Rate Explanation: CWS has elected not to use the 10-percent de minimus indirect cost rate allowed under the uniform guidance CWS has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.