Audit 292494

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following, as applicable, the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Parents in Community Action, Inc. has elected not to use the 10 percent de minimisindirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Parents in Community Action, Inc. has elected not to use the 10 percent de minimisindirect cost rate allowed under the Uniform Guidance. No indirect costs are charged to federal grants. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalaward activity of Parents in Community Action, Inc. under programs of the federal government for theyear ended June 30, 2023. The information in this schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of Parents in CommunityAction, Inc., it is not intended to and does not present the financial position, changes in net assets orcash flows of Parents in Community Action, Inc.