Audit 19428

Title: Subrecipients Accounting Policies: (1) Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Catholic Charities of Central Florida, Inc. (CCCF) under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). For purposes of this Schedule, federal awards include all grants and contractsentered into directly between CCCF and agencies and departments of the federal government.Federal awards passed through other governmental agencies are also included in the Schedule.Because the Schedule presents only a selected portion of the operations of CCCF, it is not intendedto and does not present the financial position, changes in net assets, or cash flows of CCCF.(2) Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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. De Minimis Rate Used: Y Rate Explanation: CCCF has elected to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance. Of the federal expenditures presented in the Schedule, CCCF provided no awards to subrecipients.