Audit 291871

Title: Fair Market Value of Donated Personal Protective Equipment (Unaudited) Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activities of Indiana Resource Center for Families with Special Needs, Inc. The information 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Indiana Resource Center for Families with Special Needs, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Indiana Resource Center for Families with Special Needs, Inc. 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: Indiana Resource Center for Families with Special Needs, Inc. has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. During the year ended June 30, 2023, Indiana Resource Center for Families with Special Needs, Inc. did not receive donated personal protective equipment from federal sources.