Audit 39329

Accounting Policies: NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESa.Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grantactivity of Family Promise of Tualatin Valley. The information in this schedule is presented inaccordance with the requirements of Title 2 CFR Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in the preparation of the basic financial statements.b.Basis of AccountingThe expenditures for each federal financial assistance programs are presented in the scheduleon the accrual basis of accounting.NOTE 2 ASSISTANCE LISTINGS (AL)AL numbers reported in the accompanying Schedule of Expenditures of Federal Awards are based on beta.sam.gov. De Minimis Rate Used: N Rate Explanation: Family Promise of Tualatin Valley has not used the 10% de minimis indirect cost rate under the Uniform Guidance.