Audit 18826

Title: Loan/loan guarantee outstanding balances Accounting Policies: (1) - Expenditures reported on the consolidated 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 to reimbursement; (2) - Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES (14.181) - The federal expenditures for the Section 811 Supportive Housing for Persons with Disabilities Program represent the total capital advances received by the Organization as of June 30, 2022.

Title: Basis of Presentation Accounting Policies: (1) - Expenditures reported on the consolidated 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 to reimbursement; (2) - Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying consolidated schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Latham Centers, Inc. and affiliates (collectively the "Organization") under programs of the federal government for the year ended June 30, 2022. The information in this consolidated 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 consolidated Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the Organization.

Title: Subrecipients Accounting Policies: (1) - Expenditures reported on the consolidated 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 to reimbursement; (2) - Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization provided no federal awards to subrecipients.