Audit 20735

Title: CONTINGENCY Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained at Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Certain of the Centers federal award programs have been charged indirect costs, based upon an established rate applied to overall expenditures. There are no other indirect cost allocation programs in effect.Matching costs (Centers share of certain program costs), if any, are not included in the reported expenditures. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported in these reports are prepared from the Centers financial reporting system and reported to the applicable program and period De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Center has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. However, the Center uses program specific administrative cost rates that range from 7% to 10%. The grant revenue amounts received are subject to audit and adjustment. If any expenditures are disallowed by a grantor agency as a result of such an audit, any claim for reimbursement to the grantor agencies would become a liability of the Center. In the opinion of management, all grant expenditures are in compliance with the terms of the grant agreements and applicable federal and state laws and regulations

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained at Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Certain of the Centers federal award programs have been charged indirect costs, based upon an established rate applied to overall expenditures. There are no other indirect cost allocation programs in effect.Matching costs (Centers share of certain program costs), if any, are not included in the reported expenditures. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported in these reports are prepared from the Centers financial reporting system and reported to the applicable program and period De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Center has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. However, the Center uses program specific administrative cost rates that range from 7% to 10%. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes grant activity of the Center for Multicultural Wellness and Prevention, Inc. for the year ended September 30, 2022. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements