Audit 291505

Title: 4 Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Providence Christian College (College) under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Providence Christian College, it is not intended to and does not present the financial position, change in net assets or cash flows of Providence Christian College. 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. De Minimis Rate Used: N Rate Explanation: The College has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The College has no subrecipients of federal awards for the year ended June 30, 2023.