Audit 35326

Accounting Policies: All federal grant operations of the Sierra Foothills Aids Foundation are included in the scope of the audit performed underthe Single Audit Act Amendments of 1996 and Title 2 U.S. Code of Federal Regulations(CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for federal Awards(Uniform Guidance). The audit was performed inaccordance with the provisions of the OMB Compliance Supplement. Compliance testing of all requirements, as described inthe Compliance Supplement, was performed for the major programs listed in the Summary of the Auditors' Results of theaccompanying Schedule of Findings and Questioned Costs. There programs represent all major federal award programs andother grants with 2022 cash and noncash expenditures in excess of $750,000 to ensure coverage of at least 20% of federallygranted funds. Actual coverage is 47% of total cash and noncash federal award program expenditures. The accompanyingSchedule of expenditures of Federal Awards includes all Federal grants and contracts to the Sierra Foothills AIDS Foundationthat had activity during the year ended December 31, 2022. This Schedule has been prepared on the accrual basis ofaccounting. Grant and contract revenues are recorded for financial reporting purposes when the organization has met thequalifications for the respective grants and contracts. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.