Audit 22494

FY End
2022-06-30
Total Expended
$3.96M
Findings
0
Programs
17
Organization: Family Centers Inc. (CT)
Year: 2022 Accepted: 2023-01-12

Organization Exclusion Status:

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Contacts

Name Title Type
E1NNX2TP8QD1 John Stack Auditee
2038694848 Sandra Callanan Auditor
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Notes to SEFA

Accounting Policies: NOTE A - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Family Centers Inc. (FCI) under programs of the federal government for the year ended June 30, 2022. The information in 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 FCI, it is not intended to and does not present the financial position, changes in net assets or cash flows of FCI. NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. For cost-reimbursement awards, 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. For performance-based awards, expenditures reported represent amounts earned De Minimis Rate Used: Y Rate Explanation: FCI has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.