Audit 35700

Title: Basis of Presentation Accounting Policies: This schedule of expenditures of federal awards includes the federal program activity of Restore Hope, Inc. and is presentedon the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Restore Hope, Inc. under programs of the federal government for the year ended December 31, 2022. The information in this Scheduleis presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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 Restore Hope, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.