Audit 28768

Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Four Corners Community Behavioral Health, Inc.'s under programs ofthe federal government for the year ended June 30, 2022. The information on this Schedule isprepared in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of Four Corners Community Behavioral Health, Inc., it is not intended to and does notpresent the financial position, changes in net assets, or cash flows of Four Corners CommunityBehavioral Health, Inc..NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards, wherein certain De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.