Audit 56637

Accounting Policies: Note 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Arundel Lodge, Inc. under programs of the federal government for the yearended June 30, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of Arundel Lodge, Inc.,it is not intended to and does not present the financial position, changes in net assets, or cashflows of Arundel Lodge, Inc.Note 2 Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,whereas certain types of expenditures are not allowable or are limited as to reimbursement.Note 3 Indirect Cost RateArundel Lodge, Inc. has elected to use the 10% de minimis indirect cost rate allowed under theUniform Guidance for the year ended June 30, 2022.Note 4 SubrecipientsThere were no awards passed through to subrecipients for the year ended June 30, 2022. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.