Notes to SEFA
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of County Corp, Homestart, Inc., and HomeOwnership Center of Greater Dayton, Inc. (County Corp and Affiliates or collectively the "Organization") under programs of the federal government for the year ended September 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 County Corp and Affiliates, it is not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of County Corp and Affiliates for the year ended September 30, 2022. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.