Notes to SEFA
Accounting Policies: Basis of Presentation: This schedule includes the federal award activity of THe Prevention Partnership, Inc. under programs of the Federal Government for the year ended June 30, 2022. The information in this schedule is presented in accordance with Title 2 US 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 entity, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the entity. Significant Accounting Policies for the Schedule of Expenditures of Federal Awards:1.Expenditures reported on this 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.The Organization has not elected the 10% de-minimis indirect cost rate.3.There were no other audits performed under the Uniform Guidance for the year ended June 30, 2022.4.There were no subrecipients for this Organization during the year ended June 30, 20225.There were no non-cash awards received during the year ended June 30, 2022.6.There were no federal loan or loan guarantees at June 30, 2022.7.There was no federal insurance in effect in the year ended June 30, 2022.8.Programs tested as major programs were ALN 93.959 (Block Grants for Prevention and Treatment of Substance Abuse) and ALN 93.092 (Affordable Care Act (ACA) Personal Responsibility Education)
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.