Audit 48293

Title: Government Audits Accounting Policies: Basis of Presentation and Use of Estimates - The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The schedule of expenditures of federal awards includes cost reimbursable grants from the federal government which, for the year ended December 31, 2022, were from the U.S. Department of Health and Human Services. This information 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). Therefore, some amounts presented in the schedules may differ from amounts presented in, or used in the preparation of, the financial statements. The principal estimates and assumptions used in the preparation of the accompanying schedule relate to cost allowability and allocability (see Note 2). Actual results could differ from those estimates. De Minimis Rate Used: N Rate Explanation: National Alliance for Hispanic Health has elected not to use the ten percent de minimis indirect cost rate allowed by the Uniform Guidance. Instead, National Alliance for Hispanic Health uses its agreed upon cost rate as specified in its federal awards. The allowability of certain costs under government grants are subject to audit by theawarding agency. Certain indirect costs charged to grants are subject to revisionsbased on government audits of those costs. Management believes that grant costs areconsistent with applicable government cost principles, and that costs subsequentlydisallowed, if any, upon audit by the government would not be material.