Audit 42307

Title: Insurance Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Homeless and Housing Coalition of Kentucky, Inc. 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). Because the Schedule presents only a selected portion of the operations of Homeless and Housing Coalition of Kentucky, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Homeless and Housing Coalition of Kentucky, Inc.The Organization has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization carried insurance coverage during the entire year in amounts sufficient to or in excess of required levels, including coverage for general and professional liability, real and personal property, workers compensation and fidelity bonding of employees who have access to funds.