Audit 28041

Title: Non-Cash Assistance Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) was prepared on the accrual basis of accounting. Grant awards are recorded as revenue when the criteria for earning the revenue is met, generally when the expenditure of grant funds is made. Grant expenditures are recorded when the liability is incurred. The non-federal share of expenditures, if any, is excluded from the Schedule.The information presented 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). This schedule only presents a selected portion of the operations of Wildwood Programs, Inc.. De Minimis Rate Used: N Rate Explanation: Wildwood Programs, Inc. did not elect to use the 10% de minimus cost rate. For the Major Program (93.498), Wildwood Programs, Inc. follows the guidance for allocating administrative costs in the New York State Consolidated Fiscal Reporting Manual. There were no federal awards expended in the form of non-cash assistance during the year ended June 30, 2022.

Title: Subrecipients Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) was prepared on the accrual basis of accounting. Grant awards are recorded as revenue when the criteria for earning the revenue is met, generally when the expenditure of grant funds is made. Grant expenditures are recorded when the liability is incurred. The non-federal share of expenditures, if any, is excluded from the Schedule.The information presented 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). This schedule only presents a selected portion of the operations of Wildwood Programs, Inc.. De Minimis Rate Used: N Rate Explanation: Wildwood Programs, Inc. did not elect to use the 10% de minimus cost rate. For the Major Program (93.498), Wildwood Programs, Inc. follows the guidance for allocating administrative costs in the New York State Consolidated Fiscal Reporting Manual. Wildwood Programs, Inc. provided no federal awards to subrecipients during the year ended June 30, 2022.