Audit 371595

The accompanying schedule of expenditures of federal awards includes the federal grant/contract activity of the Chattanooga Regional Homeless Coalition, Inc. as of and for the fifteen month period ended September 30, 2023, 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. Because the Schedule presents only a selected portion of the operations of Chattanooga Regional Homeless Coalition, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Chattanooga Regional Homeless Coalition, Inc. Chattanooga Regional Homeless Coalition, Inc. receives grant/contracts direct from federal agencies and is a sub-recipient of federal grant/contract funds passed-through the State of Tennessee. The schedule of expenditures of federal funds includes all direct federal grant/contract expenses and the portion of federal funds earned/expensed on grants/contracts passed-through the State of Tennessee. Receivable (Liability) Balance June 30, 2022 represents federal grant/contract funds earned during the prior twelve month period, but not received before the end of that period. Receipts represent the actual cash received from the grantor agency during the current period. Expenditures represents current period grant/contract revenues earned, recorded on the accrual basis of accounting. Revenues and support from expensed based grants/contracts are recognized as allowable costs are incurred, following applicable cost principles. Revenues from service based grants/contracts are recognized as the service is provided. Receivable (Liability) Balance September 30, 2023 represents the revenues and support earned from the grant/contract during the prior fifteen month period, but not received before the end of that period.