Audit 359618

Title: 4. ASSISTANCE LISTING NUMBER 14.239 - HOME INVESTMENT PARTNERSHIPS PROGRAM Accounting Policies: 1. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal and District of Columbia awards (the Schedule) includes the federal and District of Columbia award activities of District Alliance for Safe Housing, Inc. and Subsidiary (the Organization) under programs of the federal and District of Columbia governments for the year ended September 30, 2024. The information in this Schedule is 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) and the District of Columbia Awards. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such federal and District of Columbia expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursements. De Minimis Rate Used: N Rate Explanation: The Organization established a negotiated provisional cost for the allocation of indirect costs to federal and District of Columbia awards in accordance with the requirements of the Uniform Guidance. The Organization charged indirect expenses at the negotiated indirect cost rate or an indirect cast rate as negotiated in the grant agreement. The Organization did not receive any new loans during the year ended September 30, 2024. The loan outstanding at the beginning of the year was included in the Schedule. As of September 30, 2024, the outstanding balance was $4,059,392.