Audit 292402

Title: Basis of Presentation Accounting Policies: 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: Adopt-A-Family of the Palm Beaches, Inc. has elected not to use the 10% de minimis indirect cost allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Adopt-A-Family of the Palm Beaches, Inc. under programs of the federal government for the year ended June 30, 2023. The information in 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 Adopt-A-Family of the Palm Beaches, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Adopt-A-Family of the Palm Beaches, Inc..

Title: Summary of Significant Accounting Policies Accounting Policies: 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: Adopt-A-Family of the Palm Beaches, Inc. has elected not to use the 10% de minimis indirect cost allowed under the Uniform Guidance. 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.

Title: Scope of Audit Pursuant to Uniform Guidance Accounting Policies: 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: Adopt-A-Family of the Palm Beaches, Inc. has elected not to use the 10% de minimis indirect cost allowed under the Uniform Guidance. All federal grant operations of Adopt-A-Family of the Palm Beaches, Inc. are included in the scope of the Uniform Guidance. Programs tested as major federal programs included awards received directly from the U.S. Department of Housing and Urban Development under the Youth Homelessness Demonstration Program, with fiscal year 2023 expenditures totaling $768,322. Programs tested ensure coverage of at least 20 percent of federally granted funds. Actual coverage is approximately 49 percent of total federal award program expenditures

Title: Indirect Cost Rate Accounting Policies: 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: Adopt-A-Family of the Palm Beaches, Inc. has elected not to use the 10% de minimis indirect cost allowed under the Uniform Guidance. Adopt-A-Family of the Palm Beaches, Inc. has elected not to use the 10% de minimis indirect cost allowed under the Uniform Guidance.