Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includesall federal grant activity of Network for Oregon Affordable Housing under programs ofthe federal government for the year ended June 30, 2022. The information in thisschedule is presented in accordance with the requirements of the Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the schedule presents onlya selected portion of the operations of Network for Oregon Affordable Housing, it isnot intended to and does not present the financial position, changes in net assets orcash flows of Network for Oregon Affordable Housing.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.