Audit 363829

Title: Basis of Presentation of Schedule of Federal Awards Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of New Pilgrim Homes, Inc. HUD Project No. 062-EH006, and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements. De Minimis Rate Used: N Rate Explanation: There are no costs to which the de minimus rule would apply. The accompanying schedule of expenditures of federal awards includes the federal grant activity of New Pilgrim Homes, Inc. HUD Project No. 062-EH006, and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.