Audit 39261

Title: Non-Cash Assistance Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Northcott Neighborhood House, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Organization has not adopted a deminimus cost rate. The Organization uses multiple bases for allocation of costs depending on the type of cost. Occupancy costs are allocated based on square footage, payroll fees are allocated based on the number of employees in each department, and other indirect costs are based on the allocable portion of direct costs. Indirect costs are limited to budget requirements within grants. CFDA #10.565 includes food commodities valued at $86,893.CFDA #10.569 includes food commodities valued at $265,277.