Audit 352135

Title: Basis of Preparation Accounting Policies: Accrual Basis De Minimis Rate Used: Y Rate Explanation: A maximim of 10% de minimis indirect cost rate used Schedule of Federal Expenditures of Federal Awards for the year ended September 30, 2024, is presented in accordance with the accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The schedule presents only a select portion of the operations of New Hope C.O.R.P.S., Inc., and is not intended to and does not present the financial position, changes in net assets or cash flows of New Hope C.O.R.P.S., Inc.

Title: Summary of Acounting Policies Accounting Policies: Accrual Basis De Minimis Rate Used: Y Rate Explanation: A maximim of 10% de minimis indirect cost rate used The Schedule of Federal Expenditures was prepared on the accrual basis which is also the same basis of accounting used to prepare the audited financial statements. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards., wherein certain types of expenditures are not allowable or are limited as to reimbursement. There was no noncash assistance provided to the organization. There were no loans or loan guarantees including interest subsidies outstanding at the end of the year ended September 30, 2024.