Audit 20241

Title: Pass-through to Sub-recipients Accounting Policies: 1.Basis of PresentationThe accompanying Schedule of Expenditures of Federal and Non-federal Awards (the Schedule) includes the federal award activity of Children's Council of San Francisco (Childrens Council) under programs of the federal government for the year ended June 30, 2022. The 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 Childrens Council, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Childrens Council. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. 2.Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Childrens Council did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Childrens Council did not provide any federal awards to sub-recipients.4.Other InformationChildrens Council did not receive federal insurance, loans, or non-cash assistance during the year ended June 30, 2022.