Accounting Policies: The accompanying schedule of expenditures of federal financial awards includes the federal grant activity of Dunbar Improvement Association, Inc. d/b/a Palm City Garden Apartments and is presented on the full accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.