Audit 43781

Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Redevelopment Authority of Easton, Pennsylvania 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of the Redevelopment Authority of the City of Easton, Pennsylvania it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Redevelopment Authority of the City of Easton, Pennsylvania. Summary of Significant Accounting Policies: 1.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized using the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2.The Redevelopment Authority of Easton, Pennsylvania did not elect to use the 10-percent de minimus 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.