Audit 42304

Title: Note 1. Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The accompanying indirect rate calculation is prepared in accordance with Uniform Guidance, and additional regulations issued by the U.S. Agency for International Development (USAID). IOCC negotiates and utilizes an indirect cost rate with the federal government and therefore does not utilize the 10% de minimis cost rate option under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal expenditures of International Orthodox Christian Charities, Inc. and Affiliate (IOCC) under programs of the federal government for the year ended December 31, 2022. 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). Because the Schedule presents only a selected portion of the operations of IOCC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of IOCC.Amounts to subrecipients shown separately on the Schedule are also a component of the federal expenditures presented.