Audit 392082

NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards included the federal grant activity of the Hood River White Salmon Bridge Authority under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirements of 2 CFR 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of the Bridge Authority, it is not intended and does not present the financial position, changes in net position, or cash flow of the Bridge Authority.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Expenditures reported on this schedule are recognized following the cost principles in 2 CFR 200, where certain types of expenditures are not allowable or are limited as to reimbursement. The Hood River White Salmon Bridge Authority has not elected to use the ten percent de minimus indirect cost rate as allowed under Uniform Guidance.