Audit 12763

Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Alliance for Children, Inc. under programs of the federal and Texas governments for the year ended September 30, 2023. 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) and the Texas Uniform Grant Management Standards (UGMS). Because the Schedule presents only a selected portion of the operations of Alliance for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alliance for Children, Inc.. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 and UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Alliance for Children, Inc. has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance and UGMS.