Audit 28414

Title: Note C Loans Outstanding Accounting Policies: Note A Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Children's Museum, Inc., under programs of the federal government for the year ended December 31, 2022. The information is this 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 The Children's Museum, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Children's Museum, Inc..Note B Summary of Significant Accounting Policies1.Expenditures reported on the 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 Children's Museum, Inc. did not use the 10 percent de minimis indirect cost rate. 3.Pass-through entity identifying numbers are presented where available De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The balance outstanding on the Disaster Assistance Loan (ALN 59.008) as of December 31, 2022, was $2,000,000.