Financialstatementsandother Informationwith

THEPRESBYTERIANNIGHTSHELTEROFTARRANTCOUNTY

FINANCIALSTATEMENTSANDOTHER INFORMATIONWITH

INDEPENDENT AUDITORS' REPORT

YEARENDEDDECEMBER31,2014(WITHCOMPARATIVETOTALSFOR2013)

THEPRESBYTERIAN NIGHTSHELTEROFTARRANT COUNTY

CONTENTSDECEMBER31,2014

INDEPENDENT AUDITORS' REPORT ......

AUDITED FINANCIALSTATEMENTS:

StatementsofFinancialPosition...... 3

StatementofActivities...... 4

StatementofFunctionalExpenses...... 5

StatementsofCashFlows...... 6

NotestoFinancial Statements...... 7

OTHERFINANCIAL INFORMATION:

IndependentAuditors'ReportonInternalControloverFinancialReportingandonComplianceandOtherMattersBasedonan AuditofFinancialStatementsPerformed

inAccordancewithGovernmentAuditingStandards....... 14

IndependentAuditors' ReportonComplianceforEach

MajorProgramandonInternalControloverComplianceRequired

byOMBCircularA-133andtheUGMSStateofTexasSingleAuditCircular...... 16

ScheduleofFindingsandQuestionedCostsonFederalandStateAwards...... 18

ScheduleofExpendituresofFederalandStateAwards...... 19

SummaryScheduleofPriorAuditFindings...... 20

NotestotheScheduleofExpendituresofFederalandStateAwards...... 21

CliftonLarsonAllen

ClihonlarsonAllenLLP

801CherryStreet.Suite1400FortWorth.TX76102

817-877-5000Ifax817-877-5330

CLAconnect.com

September28,2015

TheBoardofDirectors

ThePresbyterianNightShelterofTainntCounty FortWorth,Texas

IndependentAuditors' Report

ReportontheFina ncialStatements

WehaveauditedtheaccompanyingfinancialstatementsofThePresbyterianNightShelterofTarrantCounty(the"Shelter")whichcomprisethestatementoffinancialpositionasofDecember31,2014andtherelatedstatementsofactivities,functionalexpensesandcashflowsfortheyearthenended,andtherelatednotes to the financialstatements.

Management'sResponsibilityfortheFinancialStatements

Managementisresponsibleforthepreparationandfairpresentation ofthesefinancialstatementsinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica;thisincludesthedesign,implementation,andmaintenanceofinternalcontrolrelevanttothepreparationandfairpresentationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.

Auditor's Responsibility

Ourresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonouraudit.WeconductedourauditinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmericaandthe standardsapplicabletofinancialauditscontainedinGovernmentAuditingStandards,issuedbytheComptrollerGeneraloftheUnitedStates.Thosestandardsrequirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreefrommaterialmisstatement.

Anauditinvolvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosuresinthefinancialstatements.Theproceduresselecteddependontheauditor'sjudgment,includingtheassessmentofthe risks ofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror.Inmakingthoseriskassessments,theauditorconsidersinternalcontrolrelevanttotheentity'spreparationandfairpresentationofthe financialstatementsinordertodesignauditproceduresthatareappropriateinthecircumstances,butnotforthepurposeofexpressinganopinionontheeffectivenessoftheentity'sinternalcontrol.Accordingly,weexpressnosuchopinion.Anauditalsoincludesevaluatingtheappropriatenessofaccountingpoliciesusedandthereasonablenessofsignificantaccountingestimatesmadebymanagement,aswellasevaluatingtheoverallpresentationofthefinancialstatements.

Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforourauditopinion.

Opinion

Inouropinion,thefinancialstatementsreferredtoabovepresentfairly,inallmaterialrespects,thefinancialpositionofThePresbyterianNightShelterofTarrantCountyasofDecember31,2014,andthechangesinitsnetassetsandcashflowsfortheyearthenendedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica.

INTERNATIO NAL

An independentmemberofNexiaInternational

ReportonSummarizedComparativeInformation

ThePresbyterianNightShelterofTaJTantCounty2013financialstatements,wereauditedbySanford,BaumeisterFrazier,LLP, whobecamepartofCliftonLarsonAllen,LLPasofSeptemberI,2015,andwhosereportdatedSeptember18,2014,expressedan unmodifiedopiniononthose auditedfinancialstatements.Inouropinion,thesummarizedcomparativeinformationpresented hereinasofandfortheyearendedDecember31,2013,isconsistent,inallmaterialrespects,withtheauditedfinancialstatementsfromwhichithasbeenderived.

OtherMatters

Ourauditwasconductedforthepurposeofforminganop1111ononthefinancialstatementsasawhole.Theaccompanyingscheduleofexpenditures of federal and state awards, as required by the U.S.Office of ManagementandBudgetCircularA-133,AuditsofStates,local Governments, and Non-Profit Organizations, and the UGMSStateofTexasSingleAuditCircularispresentedforpurposesofadditionalanalysisandisnotarequiredpaitofthefinancial statements. Such information istheresponsibi lityofmanagement andwasderived fromandrelates directlytotheunderlyingaccountingandotherrecordsusedtopreparethe financial statements. The information has beensubjectedtotheauditingproceduresappliedintheauditofthefinancialstatementsandce1tainadditionalprocedures,includingcomparingandreconcilingsuchinformationdirectlytotheunderlyingaccountingand otherrecords used topreparethefinancialstatementsorthe financial statements themselves,and other additional procedures in accordancewithauditingstandardsgenerallyacceptedinthe United StatesofAmerica. In ouropinion,the information isfairlystated inallmaterial respects inrelation tothefinancial statementsasawhole.

OtherReporting Required byGovernmentAuditingStandards

InaccordancewithGovernmentAuditingStandards,wehavealsoissuedourreportdatedSeptember28,2015,onourconsiderationoftheShelter'sinternalcontroloverfinancialrepo1tingandonourtestsofitscompliancewithcertainprovisionsoflaws,regulations,contracts,andgrantagreementsandothermatters. Thepurposeofthatrepo1tistodescribethescopeofourtestingofinternalcontroloverfinancialreportingandcomplianceandtheresultsofthattesting,andnottoprovideanopiniononinternalcontroloverfinancialreportingoroncompliance. ThatreportisanintegralpartofanauditperformedinaccordancewithGovernmentAuditingStandardsinconsideringthe Shelter'sinternalcontroloverfinancialrepo1tingandcompliance.

fUd#1tt/l_m1 LlP

CLIFTONLARSONALLEN,LLP

FmtWmth,Texas

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

STATEMENTS OFFINANCIAL POSITIONDECEMBER31,2014AND2013

ASSETS

20142013

Cashandcashequivalents / $1,830,422 / $740,810
Governmentgrantsreceivable / 213,250 / 144,285
Otherreceivables / 9,973 / 66,631
Prepaidinsuranceandotherassets / 63,570 / 90,922
Promisestogive-operations / I75,000
Promisestogive-Jong-termpurposes / 1,182,641 / 538,549
Propertyandequipment,net / 5,071,139 / 4,875,365
Landheldforsale / I08,570 / 108,570
Cashrestrictedforlong-termpurposes / 2,346,345 / 1,158,248
Cashrestrictedforboard-designatedendowment / I34,228 / 600,000
Long-terminvestments / 8,894,875 / 9,032,394

TOTALASSETS$19,855,013$17,530,774

LlABILITIESANDNETASSETS

Liabilities

Accountspayable / $139,873 / $53,307
Accruedliabilities / I14,297 / 182,841
Deferredrevenue / 50,511 / 20,800

TotalLiabilities304,681256,948

NETASSETS

Unrestricted

TotalNetAssetsI9,550,33217,273,826

TOTALLIABILITIES ANDNETASSETS$I9,855,013$17,530,774

Theaccompanyingnotestofinancialstatementsareanintegralpartofthesestatements.

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

STATEMENT OFACTIVITIESYEARENDEDDECEMBER31,2014

WITHCOMPARATIVE TOTALSFOR2013

Unrestricted / TemporarilyRestricted / 2014
Totals / 2013
Totals
SUPPORTANDREVENUE
Contributions / $1,226,579 / $3,585,805 / $4,812,384 / $4,236,175
In-kindcontributions / 9,600 / 9,600 / 116,435
Governmentgrants / 1,713,508 / 1,713,508 / 2,016,174
Othergrants / 223,671 / 223,671 / 235,168
Programfees / 103,263 / 103,263 / 79,576
Rentalincome / 5,050 / 5,050 / 7,850
Investmentincome,netoffeesof$97,994 / 58,581 / 58,581 / 88,482
Specialevents,netofexpensesof$94,458 / 157,969 / 157,969 / 194,868
Netrealizedandunrealizedgainoninvestments / 130,165 / 130,165 / 1,741,079
Miscellaneous income / 30,410 / 30,410 / 17,177
Oilandgasrevenue / 50,612 / 50,612 / 58,859
NetAssetsReleasedFromRestrictions: Satisfactionofprogramrestrictions / 1,432,092 / (1,432,092)
TotalSupportandRevenue / 5,141,500 / 2,153,713 / 7,295,213 / 8,791,843
EXPENSES
Program / 3,933,361 / 3,933,361 / 3,891,895
Generalandadministrative / 439,882 / 439,882 / 425,379
Fundraising / 645,465 / 645,465 / 556,907
TotalFunctionalExpenses / 5,018,708 / 5,018,708 / 4,874,181
CHANGE INNETASSETS / 122,793 / 2,153,713 / 2,276,506 / 3,917,662
NETASSETS -BeginningofYear / 15,482,451 / 1,791,375 / 17,273,826 / 13,356,164
NETASSETS-EndofYear / $15,605,244 / $3,945,088 / $19,550,332 / $17,273,826

Theaccompanyingnotestofinancialstatementsareanintegralpai1ofthesestatements.

THEPRESBYTERIANNIGHTSHELTEROFTARRANTCOUNTY

STATEMENTOFFUNCTIONAL EXPENSESYEARENDEDDECEMBER31,2014

WITHCOMPARATIVETOTALSFOR2013

Salaries / $ 1,849,053 / $228,779 / $235,877 / $ 2,313,709 / $ 2,308,518
Contractlabor / 107,710 / 2,649 / 26,563 / 136,922 / 46,319
Payrolltaxesandemployeebenefits / 411,615 / 41,172 / 31,262 / 484,049 / 415,670
Totalsalariesandrelatedexpenses / 2,368,378 / 272,600 / 293,702 / 2,934,680 / 2,770,507
Specificassistance-clienthousing / 476,841 / 476,841 / 599,697
Specificassistance-directservices / 35,311 / 35,311 / 49,743
Professionalfees / 2,306 / 29,297 / 270,849 / 302,452 / 266,262
Officeexpenses / 9,203 / 27,832 / 24,818 / 61,853 / 59,581
Information technology / 43,772 / 12,861 / 18,591 / 75,224 / 69,762
Occupancy / 551,597 / 29,160 / 4,929 / 585,686 / 548,113
Conferences,meetings,travel / 14,885 / 3,098 / 2,016 / 19,999 / 25,965
Interest / 947 / 947
Depreciation / 255,518 / 30,061 / 15,030 / 300,609 / 287,860
Insurance / 51,493 / 4,357 / 55,850 / 51,940
Mealsandkitchen / 110,619 / 1 10,619 / 91,050
Equipmentrepairsandmaintenance / 25,761 / 25,761 / 23,104
Training / 4,663 / 2,304 / 1,907 / 8,874 / 5,444
Allother / 8,775 / 1,604 / 13,623 / 24,002 / 25,153
1,564,983 / 167,282 / 351,763 / 2,084,028 / 2,103,674
TotalExpenses / $ 3,933,361 / $439,882 / $645,465 / $ 5,018,708 / $ 4,874,181

Theaccompanyingnotestofinancialstatementsareanintegralpmtof thesestatements.

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

STATEMENTSOFCASHFLOWS YEARSENDEDDECEMBER31,2014AND2013

CASH FLOWS FROMOPERATINGACTIVITIES

20142013

Changeinnetassets$2,276,506$3,917,662

Adjustmentstoreconcilechangeinnetassetstonetcashprovidedby(usedin)operatingactivities:

Depreciation expense / 300,609 / 287,860
Netrealizedandumealizedgainoninvestments / (130,165) / (1,741,079)
Noncashgiftsofland,propertyandequipment / (108,570)
(Increase)decreaseinoperatingassets:Governmentgrantsreceivable / (68,965) / 109,206
Estatebequestsreceivable / 485,985
Otherreceivables / 56,658 / (26,560)
Prepaidinsuranceandotherassets / 27,352 / (80,989)
Promisestogive / (469,092) / (175,000)
lncrease(decrease) inoperatingliabilities:
Accountspayable / 86,566 / (85,499)
Accruedliabilities / (68,544) / 68,992
Deferred revenue / 29,711 / (69,500)
Cashdesignatedforendowmentpurposes / (600,000)
Cashrestrictedforcapitalimprovementpurposes / (1,188,097) / (1,696,797)
Contributionsresh·ictedforlong-termpurposes / (2,125,672)
NetCashProvidedby(UsedIn)OperatingActivities / (1,273,133) / 285,711

CASHFLOWS FROM INVESTING ACTIVITIES

Saleandmaturityoflong-terminvestments / 2,086,665 / 1,924,888
Purchaseoflong-terminveshnents / (1,818,981) / (1,862,044)
Releaseofdesignatedfundsusedforlong-termpurposes / 465,772
Purchaseofpropertyandequipment / (496,383) / (370,449)

NetCashProvidedBy(Usedin)InvestingActivities237,074(307,605)

CASHFLOWS FROMFINANCING ACTIVITIES

Proceedsfromcontributionsrestrictedforlong-termpurposes / 2,125,672
Proceedsfromlineofcredit / 100,000
Paymentsonlineofcredit / (100,000)
NetCashProvidedbyFinancingActivities / 2,125,672
NETINCREASE (DECREASE)INCASHANDCASHEQUIVALENTS / 1,089,612 / (21,894)
CASHANDCASHEQUIVALENTS -BeginningofYear / 740,810 / 762,704
CASHANDCASHEQUIVALENTS -EndofYear / $ / 1,830,422 / $ / 740,810
SUPPLEMENTAL INFORMATION
Interestpaid / $ / 947 / $
Noncash investingandfinancingtransactions:

Noncashgiftsofland,propertyandequipment$$108,570

Theaccompanyingnotestofinancialstatements areanintegralpartofthesestatements.

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIAL STATEMENTSDECEMBER31,2014

NOTE1-ORGANIZATIONANDOPERATIONS

ThePresbyterianNightShelterofTarrantCounty(the"Shelter")providestemporaryshelterforhomelessmen,women,andchildreninTarrantCounty,Texas.Residentsareprovidedwithcounselingservicestoassistthem inobtainingpermanenthousing,employment,financialassistance,andhelpwithsubstanceabuse.TheShelterissuppo1tedprimarilythroughindividualdonorcontributions,governmentgrants,andareachurches.

NOTE2-SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES

ThissummaryofsignificantaccountingpoliciesoftheShelterispresentedtoassistin understanding the Shelter'sfinancialstatements.Thefinancialstatementsandnotesarerepresentationsofthe Shelter's management who areresponsible for their integrity and objectivity. These accounting policies conform to accounting principlesgenerallyacceptedintheUnitedStatesofAmerica(U.S.GAAP)andhavebeenconsistently applied in thepreparation ofthe financial statements.

FINANCIAL STATEMENT PRESENTATION

TheShelterpresentsthefinancialstatementsinaccordance with U.S.GAAP. As such,the Shelter isrequired torep011informationregarding its financial position and activities according to three classes of net assets:unrestrictednetassets,temporarilyrestrictednetassets,andpermanentlyrestrictednetassets.Thefundgroups arerepo1ted inthetlu·eeclassesofnetassetsasfollows:

UnrestrictedNetAssets-ThesefundshavenoexternalrestrictionsandcanbeusedforanypurposedesignatedbytheBoard.

Temporarily Restricted Net Assets-Thesefundsgenerallyrepresentfundsforwhich thedonorhaslimitedtheuseofthefundsbystipulatinghoworwhenthefundsaretobe used.Therestrictionsaresatisfiedeitherbypassageoftimeorby actionsofthe Shelter.

Pe1manently Restricted NetAssets-Thesearefundsthathavebeenrestrictedbythe donorandcannotbesatisfiedbythepassageoftimeorbyactionsofthe Shelter.

USEOFESTIMATES

Thepreparationoffinancialstatementsinconformitywith U.S.GAAPrequires management tomakeestimatesandassumptionsthataffecttherepmtedamountsofassetsandliabilitiesanddisclosureofcontingentassetsandliabilitiesatthedateofthefinancialstatementsandtherepmtedamounts ofrevenuesandexpensesduringtherep01tingperiod. Actualresultscoulddifferfromthoseestimates.

CASHANDCASHEQUIVALENTS

TheShelterconsidersonlycashinbanksandonhandascashandcashequivalents.Thesecashequivalentsarefinancialinstrumentsthat potentiallysubjecttheSheltertoconcentrations ofcreditrisk. The Shelterplaces itscashwithhigh-credit-qualityfinancialinstitutionsandperiodicallymaintains deposits in amounts that exceedFDICinsurancecoverage.Managementbelievestheriskofincurringmateriallossesrelatedtothiscreditrisk isremote.

GRANTSANDACCOUNTSRECEIVABLE

TheShelter'sreceivablesconsistprincipallyofprogramservicefeesfromgovernmentalagencies.TheShelterutilizestheallowancemethodforrecognitionofbaddebts.Basedon management'sassessment ofthe credithistoryofgrantors,noallowancefordoubtfulaccountswasdeemednecessaryasofDecember31,2014and2013.Baddebtexpensewas$100and$92respectively,fortheyearsendedDecember31,2014and2013.

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIAL STATEMENTSDECEMBER31,2014

NOTE2-SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES-ContinuedCONTRIBUTIONSRECEIVEDANDCONTRIBUTIONSMADE

Contributionsarerecognizedwhenunconditionalcommitmentsarereceivedandrecorded as unresh·icted,temporarilyrestricted,orpermanentlyrestrictedsuppmi,dependingontheexistenceand/ornatureofanydonorrestrictions.

Whenadonorrestrictionexpires,temporarilyrestrictednetassetsarereclassifiedtounresh·ictednetassetsandrepmiedintheStatementofActivitiesasnetassetsreleasedfromrestrictions.

PROPERTY ANDEQUIPMENT

ExpendituresforpropertyandequipmenthavingausefullifeofoneyearormorearecapitalizedandrecordedontheShelter'sbooksatcost.Donationsofsignificantpropertyandequipmentarerecordedassupportattheirestimatedfairvalue.Suchdonationsarerepmiedasunrestrictedsuppmiunless the donor has resh·icted thedonatedassettoaspecificpurpose.Assetsdonatedwithexplicitresh·ictionsregardingtheiruseandcontributionsofcashthatmustbeusedtoacquireprope1iyandequipmentarereportedasrestrictedsupport.Absentdonorstipulationsregardinghowlongthosedonatedassetsmustbemaintained,theShelterreportsexpirationsofdonorrestrictionswhenthe donatedoracquiredassetsareplacedinserviceas instructedby thedonor.TheShelterreclassifiestemporarilyresh·ictednetassetstounrestrictednetassetsatthattime.Estimatedlivesbyassetsclassareasfollows:

BuildingsandImprovementsMachineryandEquipmentVehicles

FurnitureandFixtures

10-35years

3-10years

10years

5-10 years

Maintenance,repairs,andminorrenewalsareexpensedasincuned.Whenassetsareretiredorotherwisedisposedof,theircostandrelatedaccumulateddepreciationareremovedfromtheaccounts.Resultinggainsorlossesareincludedinincome.

Depreciationofbuildingsandequipmentiscomputedonthestraight-linebasisovertheirestimatedusefullives.Theestimatedusefullivesrangefromthreetothirtyfiveyears.Depreciationexpense for 2014 and 2013amountedto$300,609and$287,860,respectively,andisshownon the accompanyingStatementofFunctionalExpenses.

IMPAIRMENT OFLONG-LIVED ASSETS

Managementevaluatesitslong-livedassetsforfinancialimpairmentwhenevereventsorchangesincircumstancesindicate thecanyingvalueofanasset maynotbe recoverable.Animpairmentloss is recognized when theestimatedundiscountedfuturecashflowsfromtheassetsarelessthanthecanyingvalueoftheassets. Assetsto bedisposedofarerepmiedattheloweroftheircarryingamountorfairvalue,lesscosttosell.Managementisoftheopinionthatthecarryingamountofitslong-livedassetsdoesnotexceedtheirestimatedrecoverableamount.

INCOMETAXES

TheShelterisorganizedasanot-for-profitcorporationunderSection501(c)(3)oftheInternalRevenue Code.Thissectionexemptsthe Shelterfromtaxesonincome.Accordingly,noprovisionfor incometaxeshasbeenmadeinthefinancialstatements.TheInternalRevenueServicehaspreviouslyclassifiedtheShelterasapubliccharity.Taxesarepaidonnetincomeearnedfromsourcesunrelatedtotheexemptpurposes.TherewasnonetincomefromunrelatedbusinessfortheyearsendedDecember31,2014and2013.

TheShelterfilesasatax-exemptorganization.TheShelter'staxreturnsaresubjecttoreviewandexaminationbyfederalandstateauthorities. Taxreturnsareopenforauditbytheseauthoritiesforthreeyearsfromtheduedateofthereturnofthedateactuallyfiled.

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIALSTATEMENTSDECEMBER31,2014

NOTE2-SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES-ContinuedCONCENTRATIONOFCREDITRISK

Financialinstrumentswhichpotentiallysubject theSheltertoconcentrationsofcreditriskconsistprimarilyofreceivablesfromprogramservicesand amountsdepositedinbanksinexcessoftheFederalDepositInsuranceCorporation's insured limit.

TheSheltercmTentlyinvestsprimarilyinU.S.Governmentobligations,corporatestocksandbonds,openandclosed-endmutualfundsandinvestmentpaitnerships.Managementbelievesdiversitywithinthepo1tfolioavoidssignificantconcentration ofcreditriskwithrespecttotheseinvestments.

INVESTMENTSANDFAIRVALUEMEASUREMENTS

TheShelterfollowsFASBASC(FinancialAccountingStandardsBoardAccountingStandardsCodification)No.958-320.Underthissection,investmentsinmarketable securitieswithreadilydeterminablefairvaluesandallinvestmentsindebtsecuritiesarevaluedattheir fairvaluesintheStatementofFinancialPosition.Unrealizedgainsandlossesareincludedinthechangeinnetassets.

FASBASCNo.820-10,FairValueMeasurements,establishesafairvaluehierarchythatprioritizestheinputstovaluationtechniquesusedtomeasurefairvalue.Thishierarchyconsistsofthreebroadlevels:Level 1 inputsconsistofunadjustedquotedpricesinactivemarketsforidenticalassetsandhavethehighestpriority,andLevel3inputshavethelowestpriority.TheShelterusesappropriatevaluationtechniquesbasedontheavailableinputstomeasurethefairvalueofitsinvestments.ThethreelevelsoffairvaluehierarchydefinedbyFASBASCNo.820-10areasfollows:

Level I FairValue Measurements -Quoted prices areavailable in activemarkets foridentical assetsor liabil ities.Activemarketsarethosein which transactions fortheasset orliability occurwith sufficientfrequency and volumetoprovide pricing information on an ongoingbasis.

Level 2FairValue Measurements-PricinginputsareotherthanquotedpricesinactivemarketsincludedinLevelI,whichareeitherdirectlyorindirectlyobservableasofthereportingdate.Level 2includes thosefinancialinstrumentsthatarevaluedusingmodelsorothervaluationmethodologies. Thesemodelsareprimarilyindustry

standardmodelsthatconsidervariousassumptions,includingquotedforwardpricesforcommodities,timevalue,volatilityfactors,andcurrentmarketandcontractualpricesfortheunderlyinginstruments, as well as otherrelevanteconomicmeasures.Substantiallyalloftheseassumptionsareobservableinthemarketplacethroughoutthefulltermoftheinstrument,canbederivedfromobservabledataoraresuppo1tedbyobservablelevelsatwhichtransactionsareexecutedinthemarketplace.

Level3FairValueMeasurements-Pricinginputsincludesignificantinputsthataregenerallyunobservablefromobjectivesources.Theseinputsmaybeusedwithinternallydevelopedmethodologiesthatresultinmanagement'sbestestimateoffairvalue.Level3instrumentsincludethosethatmaybemorestructuredorotherwisetailoredtotheShelter'sneeds.

FAIRVALUEOFFINANCIALINSTRUMENTS

TheShelter'snon-investmentfinancialinstrumentsconsistof cashandcashequivalents,receivables, accountspayable,accruedexpensesandalineofcreditnote.Therecordedvaluesofthese financial instrumentsapproximatetheirfairvaluesbasedontheirshort-termnature.

DONATEDSERVICES

Noamountshavebeenreflectedin the financial statements for donated services since no objective basis isavailabletomeasurethevalueofsuchservices.However,anumberofvolunteersdonatesignificantamountsoftheirtimetotheShelter.

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIALSTATEMENTSDECEMBER31,2014

NOTE2-SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES-ContinuedFUNCTIONALALLOCATION OFEXPENSES

Thecostsofprovidingprogram,fund-raisingandsupportingserviceshavebeensummarizedonafunctionalbasisinthestatementoffunctionalexpenses.Accordingly,certaincostshavebeen allocatedamongtheprogramsandfund-raisingactivitiesbenefited.

COMPARATIVE DATA

Thefinancialstatementsincludecertainprioryearsummarized comparative information intotal but notby netassetclass.Suchinformationdoesnotincludesufficientdetailtoconstituteapresentation inconformitywithU.S.GAAP.Accordingly, suchinformation shouldberead inconjunction withthe Shelter'sfinancial statementsfortheyearendedDecember31,2013, fromwhichthesummarizedinformationwasderived.

RECENTLY ISSUED ACCOUNTING PRONOUCEMENTS

TheShelterhasdeterminedthattherehavebeennorecentlyissuedoradoptedaccountingstandardsthatwillhave orhadamaterialimpactonitsfinancialstatements.

NOTE3-PROMISESTOGIVE

TheShelterrecognizesunconditionalpromisestogiveassupportintheperiodthepromisetogiveismadeandrepo1tsthemascontributionsinthestatementofactivities.PromisestogiveatDecember31,2014areexpectedtobereceivedasfollows:

YearEndingDecember 31,2015 / $1,140,808
YearEndingDecember31, 2016 / 34,333
YearEndingDecember31,2017 / 7,500

Total$1,182,641

NOTE4-PROPERTYANDEQUIPMENT

Prope1tyandequipmentconsistedofthefollowingasofDecember31,2014and2013:

20142013

Land$529,984$529,984

Buildingandimprovements6,701,4636,267,273

Machinery andequipment953,349901,596

Vehicles100,867100,867

Furnitureandfixtures633,248622,809

TotalCost / 8,918,912 / 8,422,529
Less:Accumulated depreciation / (3,847,773) / (3,547,164)

Prope1ty and Equipment, Net$5,071,139$4,875,365

THEPRESBYTERIAN NIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIALSTATEMENTSDECEMBER31,2014

NOTE5-LONG-TERMINVESTMENTS

Investmentsarecarriedatfairvalue,andrealizedandunrealizedgainsandlossesarereflectedinthestatementofactivities. Long-terminvestmentsconsistofthefollowingasofDecember31,2014and2013:

20142013

FairValueCostFairValueCost

Moneymarketfund / $107,028 / $107,028 / $112,542 / $112,542
Equities / 6,241,156 / 3,985,602 / 6,299,794 / 3,877,892

Fixedincome2,546,6912,579,9212,620,0582,625,338Totals$ 8,894,875 $ 6,672,551 $ 9,032,394 $ 6,615,772

NOTE6-UNRESTRICTEDDESIGNATEDNETASSETS/ENDOWMENT

Theby-lawsoftheShelterprovidefortheestablishmentofthePresbyterianNightShelterEndowmentFund(the"EndowmentFund") wherebygifts andbequestsdesignatedbythe boardforendowmentaredepositedtotheEndowmentFundaswellasundesignatedgiftsandbequestsintheamountof$100,000ormore. ThenetincomeoftheEndowmentFundisavailableforusebytheShelterforoperatingpurposesuponanapprovingvotebytheBoardofDirectors.

AsofDecember31,2014,theShelter'sendowmentfundconsistedofequities,fixedincomeandmoney marketfunds.ThesefundsaredesignatedbytheBoardofDirectorstofunctionasendowments.AsrequiredbyU.S.GAAP,netassetsassociatedwithendowmentfunds,includingfundsdesignatedbytheBoardofDirectorstofunctionasendowments,areclassifiedandrep01tedbasedupontheexistenceorabsenceofdonor-imposedrestrictions.

SpendingPolicyandHowtheInvestmentObjectivesRelatetoSpendingPolicy

Atthebeginningofeachfiscalyear,uponrecommendationbytheFinanceCommitteeandapprovalbytheBoard,anamountnottoexceed5%ofthethree-yearrollingaverageofthemarketvalueoftheinvestments,shallbeavailablefortheShelter'soperations.Excessamountsmaybewithdrawnforoperationsonlyupontheaffirmativevoteof75%ofthenumberofDirectorsserving.

CompositionandActivityofEndowmentFunds

EndowmentnetassetsarecomposedofboarddesignatedamountsatDecember31,2014and2013.ThechangesintheendowmentnetassetsfortheyearsendedDecember31,20I4and20I3areas follows:

20142013

BalanceatBeginningofYearCurrentyearadditions

$9,632,394$7,354,I59

600,000

Currentyeardistributions

Investment income (including realized and unrealized gains and

(778,326)

(139,500)

lossesandallincomepaidoninvestments,lessexpenses)

175,0351,817,735

BalanceatEndofYear$9,029,103$9,632,394

THEPRESBYTERIANNIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIALSTATEMENTSDECEMBER31,2014

NOTE6-UNRESTRICTEDDESIGNATEDNETASSETS/ENDOWMENT-Continued

ReturnObjectivesandRiskParameters

TheEndowmentFund'sminimumrealrateofreturngoaloftheinvestmentportfolio,adjustedforinflation,is3%.Itisalsoexpectedthattheinvestmentp01ifolio'sreturnwillcomparefavorablywithpo1ifoliosofsimilarobjectivesandassetallocationandselectedweighted markerindices.ThepreferredindexistheS&P500EquityIndex.

Theequityportionofthep01ifolioshouldrangebetweenaminimumof30%andamaximumof70%atmarketvalue.Thefixedincomep01iion shouldrangebetweentheseparameters. DeviationfromtheserangesissubjecttoapprovalbytheFinanceCommittee.

StrategiesEmployed forAchievingObjectives

TheEndowmentFundutilizes the assistance of Luther King Capital Management to manage and monitorinvestments and investment objectives.

NOTE7-TEMPORARILYRESTRICTEDNETASSETS

TemporarilyrestrictednetassetsareavailableforthefollowingpurposesasofDecember31,2014and2013:RestrictedPurpose 2014 2013

TotalRestrictedFunds$3,945,088$1,791,375

NOTE8-FAIRVALUEMEASUREMENTOFINVESTMENTS

InvestmentsasofDecember31,2014aresummarizedbelowbytheirlevelinfairvaluehierarchy:

InvestmentLevel 1Level 2Level3Totals

MoneyMarketFunds / $107,028 / $$$107,028
Equity Securities / 6,241,156 / 6,241,156

FixedIncomeSecurities2,546,6912,546,691TotalInvestments $ 6,348,184 $ 2,546,691 $ $ 8,894,875

THEPRESBYTERIANNIGHTSHELTEROFTARRANTCOUNTY

NOTESTOFINANCIALSTATEMENTSDECEMBER31,2014

NOTE8-FAIRVALUEMEASUREMENTOFINVESTMENTS-Continued

InvestmentsasofDecember3I,2013aresummarizedbelowbytheirlevelinfairvaluehierarchy:

InvestmentLevelILevel2

Level 3Totals

MoneyMarketFunds / $I12,542 / $$$112,542
EquitySecurities / 6,299,794 / 6,299,794
FixedIncomeSecurities / 2,620,0582,620,058
Total Investments / $6,412,336 / $2,620,058$$9,032,394
NOTE10-LINEOFCREDIT
TheSheltermaintainsanopen-ended / lineofcreditwitha / bank whichhasaborrowing limitof$3,000,000and

bearsinterestatarateofLIBORplus1.90%.Bo1rnwingsonthebalanceupto$250,000maybedoneatmanagement'sdiscretion,whilebo1rnwingsexceeding$250,000andupto$750,000mustbeapprovedbytheFinanceCommittee.Anybmrnwingswhichcausethebalancetoexceed$750,000musthavefullboardapproval.ThelineofcreditissecuredbytheinvestmentsheldintheShelter'sboard-designatedendowmentwithfairvaluesof$8,894,875and$9,032,394,respectively,asofDecember31,2014and2013.TherewasnooutstandingbalanceonthelineofcreditasofDecember31,20I4and20I3.

NOTE I1-EMPLOYEEBENEFITPLAN

TheSheltersponsorsa40I(k) planforallqualifiedemployees. At its discretion, the Shelter may match aportionofemployeecontributions,uptothemaximumamountssetbytheIRS.Employercontributions tothePlanamountedto$9,886and-0-duringtheyearendedDecember31,2014and2013,respectively.

NOTE12-ECONOMICDEPENDENCY

TheShelterreceivesasubstantialamountofitssupportfromfederalandstategovernmentgrantsandcontracts.Thesegrantsandcontractsrequirefulfillmentofcertainconditionsassetfo11hinthe grant documents andcontracts. Failuretofulfilltheconditionscouldresultinthereturnoffundstograntorsornon-renewalofcontract.

NOTE13-SUBSEQUENTEVENTS

OnMarch2,2015,theOrganizationsoldlandavailableforsalewithacarryingvalueof$I08,570, realizinganetsalespriceof$89,510.

ManagementhasevaluatedsubsequenteventsthroughSeptember28,20I5,thedateonwhichthefinancial statementswereavailabletobeissued.

OTHERFINANCIALINFORMATION

CliftonlarsonAllen

CliftonarsonAllenLLP

801CherryStreet.Suite1400

FortWorth,TX76102

817-877-5000Ifax817-877-5330

CLAconnect.com

September 28,2015

TotheBoardofDirectors

ThePresbyterianNightShelterOfTaITantCounty

FortWorth,Texas

INDEPENDENTAUDITORS' REPORTONINTERNALCONTROLOVERFINANCIALREPORTING ANDONCOMPLIANCEANDOTHERMATTERSBASED

ONANAUDITOFFINANCIAL STATEMENTSPERFORMED

INACCORDANCE WITH GOVERNMENTAUDITING STANDARDS

Wehaveaudited,inaccordancewiththeauditingstandardsgenerallyacceptedintheUnitedStatesofAmericaandthestandardsapplicabletofinancialauditscontainedinGovernmentAuditingStandards,issuedbythe ComptrollerGeneraloftheUnitedStates,thefinancialstatementsofthePresbyterianNightShelterof Tarrant County ("theShelter"),whichcomprisethestatementoffinancialpositionasofDecember3I,20I4,andtherelatedstatementsofactivities,functionalexpensesandcashflowsfortheyearthenended,andtherelatednotestothefinancialstatements,andhaveissuedourreportthereondatedSeptember28,2015

InternalControl overFinancialReporting

Inplanningandperformingourauditofthefinancialstatements, we considered the Shelter's internal control overfinancialreportingtodeterminetheauditproceduresthat areappropriatein the circumstances for the purpose ofexpressingouropinion on the financial statements, but not for the purpose of expressing an opinion on theeffectiveness ofthe Shelter's internal control over financial reporting. Accordingly, we do not express an opinion ontheeffectiveness ofthe Shelter's internal control over financial reporting.

Adeficiencyininternalcontrolexistswhenthedesignoroperationofacontroldoesnotallow management oremployees,inthenormalcourseofperfo1mingtheirassignedfunctions,toprevent,ordetectandcorrectmisstatementsonatimelybasis.Amaterialweaknessisadeficiency,orcombinationofdeficiencies,ininternalcontrolsuchthatthereisareasonablepossibilitythatamaterialmisstatementoftheentity'sfinancialstatementswillnotbeprevented,ordetectedandcoITectedonatimelybasis. Asignificantdeficiencyisadeficiency,oracombinationofdeficiencies,ininternalcontrolthatislessseverethanamaterialweakness,yetimportantenoughtomeritattentionbythosechargedwithgovernance.

Ourconsiderationofinternalcontroloverfinancialrepo1iingwasforthe limited purpose described in the firstparagraphofthissectionandwasnot designed to identify all deficiencies in internal control over financial reportingthatmightbematerialweaknessesorsignificantdeficiencies.Given these limitations, during our audit we did notidentifyanydeficienciesininternalcontrol over financial reporting that we consider to be material weaknesses.However, material weaknesses may existthathavenotbeen identified.

ComplianceandOtherMatters

Aspart of obtaining reasonable assurance about whether the Shelter's financial statements are free of materialmisstatement,weperformedtestsofitscompliancewithce1iainprovisionsoflaws,regulations,contractsandgrantagreements,noncompliancewithwhichcouldhaveadirectandmaterialeffectonthe determinationoffinancialstatementamounts.However,providinganopiniononcompliancewiththoseprovisionswasnotanobjectiveofouraudit,andaccordingly,wedonotexpresssuchanopinion.Theresultsof our tests disclosed no instances ofnoncomplianceorothermattersthatarerequiredtobereportedunderGovernmentAuditingStandards.

INTER NATIONAL

AnindependentmemberofNexiaInternational

PurposeofthisReport

Thepurposeofthisrepo1iissolelytodescribethescopeofourtestingofinternal controlandcomplianceandtheresultsofthattesting,andnottoprovideanopinionontheeffectivenessoftheorganization'sinternalcontroloroncompliance.ThisrepmiisanintegralpaiiofanauditperformedinaccordancewithGovernmentAuditingStandardsinconsideringtheShelter'sinternalcontrolandcompliance.Accordingly,thiscommunication isnotsuitableforany otherpurpose.

fuiflH.t)LLP

CLIFTONLARSONALLEN, LLP

Fo1iWorth,Texas

CliftonlarsonAllenLLP

801CherryStreet,Suite1400FortWorth,TX76102

817-877-5000Ifax817-877-5330

CliftonlarsonAllen----CbAconnect.com

September28,2015

TotheBoardofDirectors

ThePresbyterianNightShelterOfTarrantCounty

INDEPENDENT AUDITORS' REPORTON COMPLIANCE FOREACHMAJORPROGRAM ANDONINTERNALCONTROL

OVERCOMPLIANCEREQUIREDBYOMBCIRCULARA-133ANDTHEUGMS STATEOFTEXASSINGLEAUDITCIRCULAR

ReportonComplianceforEachMajorProgram

WehaveauditedthePresbyterianNightShelterofTarrantCounty's("theShelter")compliancewiththetypesofcompliancerequirementsdescribedintheOMBCircularA-133ComplianceSupplementandtheTexasGovernor'sOfficeofBudget and PlanningUniformGrantManagementStandards(UGMS)whichincludestheStateofTexasSingleAuditCircularthatcouldhaveadirectandmaterialeffectoneachoftheShelter'smajorfederalandstateprogramsfortheyearendedDecember31,2014.TheShelter'smajorfederalandstateprogramsareidentifiedinthesummaryofauditor'sresultssectionoftheaccompanyingscheduleoffindingsandquestionedcosts.

Management'sResponsibility

Managementisresponsibleforcompliance with the requirements of laws, regulations, contracts, and grantsapplicabletoitsfederalandstateprograms.

Auditor'sResponsibility

OurresponsibilityistoexpressanopiniononcomplianceforeachoftheShelter'smajorfederalandstateprogramsbasedonourauditofthetypesofcompliancerequirementsreferredtoabove. WeconductedourauditofcomplianceinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmerica;thestandardsapplicabletofinancialauditscontainedinGovernmentAuditingStandardsissuedbytheComptrollerGeneraloftheUnitedStates;andOMBCircularA-133,AuditsofStates,LocalGovernments,andNon-profit Organizations;andtheUGMSStatea/TexasSingleAuditCircular(theCircular). Thosestandards,OMBCircularA-133andtheCircular requirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhethernoncompliancewiththetypesofcompliancerequirementsreferredtoabovethatcouldhaveadirectandmaterialeffectonamajorfederalorstateprogramoccurred.Acomplianceauditincludesexamining,onatestbasis,evidenceabouttheShelter'scompliancewiththoserequirementsandperformingsuchotherproceduresasweconsiderednecessaryinthecircumstances.

Webelievethatourauditprovidesareasonablebasisforouropiniononcomplianceforeachmajorfederalandstateprogram.However,ouraudit does not provide a legal deterrnination of the Shelter's compliance with thoserequirements.

OpiniononEach Major FederalandStateProgram

Inouropinion,PresbyterianNightShelterofTarrantCountycomplied,inallmaterialrespects,withthecompliance requirementsreferredtoabovethatcouldhaveadirectandmaterialeffectoneachofitsmajorfederalandstateprogramsfortheyearendedDecember31,2014.

dut!I

INTERNATIONAL

AnindependentmemberofNexialntemational

Report on Internal Control Over Compliance

ManagementoftheShelterisresponsibleforestablishingandmaintainingeffectiveinternalcontrolovercompliancewiththetypesofcompliancerequirementsreferredtoabove.Inplanningandperformingourauditofcompliance,weconsideredtheShelter'sinternalcontrolovercompliancewiththetypesofrequirementsthatcouldhaveadirectandmaterial effectoneachmajorfederalorstateprogram todeterminetheauditingprocedures thatareappropriate inthecircumstancesforthepurposeofexpressinganopiniononcomplianceforeachmajorfederalorstateprogramandtotestandrepo11oninternalcontrolovercomplianceinaccordancewithOMBCircularA-133andtheStateofTexasSingleAuditCircular,butnotforthepurposeofexpressinganopinionontheeffectivenessofinternalcontrolovercompliance.Accordingly,wedonotexpressanopinionontheeffectivenessontheShelter's internalcontrolovercompliance.

Adeficiencyininternalcontrolovercomplianceexistswhenthedesignoroperationofacontrolovercompliancedoesnotallowmanagementoremployees,inthenormalcourseofperformingtheirassignedfunctions,topreventordetectandcorrect,noncompliancewithatypeofcompliancerequirement ofafederalorstateprogramonatimelybasis.Amaterialweaknessininternal controlovercomplianceisadeficiency,orcombinationofdeficiencies,ininternalcontrolovercompliance,suchthatthereisareasonablepossibilitythatmaterialnoncompliancewithatypeofcompliancerequirementofafederalorstateprogramwillnotbeprevented,ordetectedandcorrected,onatimelybasis. Asignificantdeficiencyininternalcontrolovercomplianceisadeficiency,oracombinationofdeficiencies,ininternalcontrolovercompliancewithatypeofcompliancerequirementofafederalorstateprogramthatisless severethanamaterialweaknessininternalcontrolovercompliance,yetimportantenoughtomeritattentionbythosechargedwithgovernance.

Ourconsideration ofthe internal control overcompliancewasforthelimitedpurpose described inthefirstparagraphofthissectionandwasnotdesignedtoidentifyalldeficienciesintheinternalcontrolovercompliancethatmightbematerial weaknesses or significant deficiencies. We did not identify any deficiencies in internal control overcompliancethatweconsidertobematerialweaknesses.However,materialweaknessesmayexistthathavenotbeenidentified.

ThepurposeofthisreportoninternalcontrolissolelytodescribethescopeofourtestingofinternalcontrolovercomplianceandtheresultsofthattestingbasedontherequirementsofOMBCircularA-133andtheStateofTexasSingleAuditCircular.Accordingly,thisrepo11isnotsuitableforanyotherpurpose.

ICU4<1+ttltt.w!JllP

CLIFTONLARSONALLEN,LLP

FortWmth,Texas

PRESBYTERIANNfGHTSHELTEROFTARRANTCOUNTY

SCHEDULEOFFINDINGSANDQUESTrONEDCOSTSONFEDERALANDSTATEAWARDS

YEARENDEDDECEMBER31,2014SUMMARY OFAUDITORS' RESULTS

FinancialStatements

Typeofauditor'sreportissued:Unmodified

Internalcontroloverfinancialrepo11ing:

•Materialweakness(es)identified?

•Significantdeficiency(ies) identified?

Noncompliancematerialtofinancial

__yes

yes

1-no

statementsnoted?

__yes1_no

FederalAwards

Internal control overmajorprograms:

•Materialweakness(es)identified?

•Significantdeficiency(ies)identified?

__yes

1-no

1_nonereported

Typeofauditor'srepo11issuedoncomplianceformajorprograms: Unmodified

Anyauditfindingsdisclosedthatarerequiredtoberepo11edinaccordancewithSection

51O(a)ofOMSCircularA-133orthe

StateofTexasSingleAuditCircular?

yes_xno

Identificationofmajorprograms:CFDANumber(s)

14.235

Name ofFederal orStateProgram orClusterSupportiveHousingProgram

Dollarthresholdusedtodistinguishbetween

typeAandtypeBprograms:$300,000

Auditeequalifiedaslow-riskauditee?

X yesno

THEPRESBYTERIANNIGHTSHELTEROFTARRANTCOUNTY

SCHEDULEOFEXPENDITURESOFFEDERALANDSTATEAWARDS YEARENDEDDECEMBER31,2014

U.S.DepartmentofHomeland SecurityPass-through Programsfrom:

Federal Emergency Management AgencyEmergencyFoodandShelterNationalBoard

Program

TotalU.S.DepartmentofHomelandSecurity

U.S.DepartmentofHousingand Urban DevelopmentPass-through Programsfrom:

CityofFortWorth

FederalCFDA

Number

97.024

Grant

Number

Federal

Expenditures

$52,062

52,062

TotalU.S.DepartmentofHousingandUrbanDevelopment

1,026,638

Total-EmergencyShelterGrantProgram / 14.231 / 180,072
Total-CommunityBlockDevelopmentGrant / 14.218 / 14,179
Total-SupportiveHousingProgram / 14.235 / 832,387

U.S.DepartmentofVeterans'Affairs

HomelessProvidersGrantandPerDiemProgram / 64.024 / 98-041-TX / 270,979
04-124-TX / 84,567
05-81-TX / 268,931
TotalU.S.DepartmentofVeteranAffairs / 624,477
TotalFederalandStateAwards / $1,703,177

THEPRESBYTERIAN NIGHTSHELTEROFTARRANT COUNTY

SUMMARY SCHEDULEOFPRIORAUDITFINDINGSYEARENDEDDECEMBER31,2014

Reportable Conditions in Internal Control

Finding 2013-1

Condition:Errorswerefound ontwooutoftwenty-fivetimecardsselected forreview.Hourschargedperthetimecarddidnotmatchthosechargedtothegeneralledgerorpayrollsummaryonthefirsttransaction.Hourschargedintotalmatchedonthesecondtransaction,buttheallocations betweenprogramschargedtothegeneralledgerdidnotmatchtheactualtimeandeffo1iperthetimecard.

Recommendation: We recommend that the Shelter improve itstime and effortprocess to ensurethatonlyactual hoursarereported by timecards andcharged tothegeneral ledger,andthat hoursareaccurately charged totheprogram subledgers based on actualtimecharged on timerecords.CurrentStatus: Therecommendation was adopted during2014.No similar findings were notedduringthe2014audit.

THEPRESBYTERIANNIGHTSHELTEROFTARRANTCOUNTY

NOTESTOSCHEDULEOFEXPENDITURES OFFEDERALANDSTATEAWARDSYEARENDEDDECEMBER31,2014

NOTE 1-BASISOFPRESENTATION

Theaccompanyingscheduleof expenditures of federal and state awards includes the federal and state grantactivityofThePresbyterianNight Shelter ofTarrant County and ispresented on the accrual basis ofaccounting.Theinformation in thisschedule ispresented inaccordance withtherequirements ofOMBCircularA-133,Audits ofStates,LocalGovernments,andNon-ProfitOrganizationsandtheUGMSStateofTexasSingleAuditCircular.Therefore,someamountspresentedinthisschedulemaydifferfromamountspresentedin, or used in thepreparation ofthe basic financial statements.

NOTE2-SUBRECIPIENTS

Ofthefederalexpenditurespresentedintheschedule,ThePresbyterianNightShelterofTarrantCountyprovided nofederalawardstosubrecipients.

NOTE3-NON-CASHASSISTANCE

TheShelterdidnotreceiveanynon-cashassistancefromfederalorstateawardsfortheyearendedDecember31,

2014.

NOTE4-LOANS

Atyear-end,theShelterhadnoloansorloanguaranteesoutstandingwithfederalorstateawardingagencies.