Audit 88235

Accounting Policies: 1.GENERAL INFORMATIONThe accompanying schedule of expenditures of federal awards (the Schedule) presents the activities in all federal awards of Greenhope Services for Women, Inc. (Greenhope). All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations are included on the Schedule. 2.BASIS OF ACCOUNTINGThe accompanying Schedule is presented using the accrual basis of accounting. The amounts reported in the Schedule as expenditures may differ from certain financial reports submitted to federal funding agencies due to those reports being submitted on either cash or a modified cash basis of accounting. 3.RELATIONSHIP TO BASIC CONSOLIDATED FINANCIAL STATEMENTSFederal expenditures are reported on the consolidated statement of functional expenses as program services. In certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the Schedule due to program expenditures exceeding grant or contract budget limitations or agency matching or in-kind contributions which are not included as federal awards.4.BASIS OF PRESENTATIONThe accompanying Schedule includes the federal awards of Greenhope under programs of the federal government for the year ended June 30, 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 Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Greenhope, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Greenhope. 5.INDIRECT COST RATEGreenhope does have a federally negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate as covered in section 200.414 in the Uniform Guidance.6.SUBRECIPIENTSGreenhope provided no federal awards to subrecipients for the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.