Audit 293818

Title: LOAN AND LOAN GUARANTEE PROGRAMS Accounting Policies: BASIS OF PRESENTATION The accompanying schedules of expenditures of federal, state and county awards (the Schedules) include the federal, state, and county contract activity of Family Connections, Inc. (the Organization) and are presented on the accrual basis of accounting. The information in these Schedules 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 and New Jersey Office of Management and Budget Circular Letter 15-08. Therefore, some amounts presented in these Schedules may differ from amounts presented in, or used in the preparation of, the financial statements. SUBRECIPIENTS During the year ended June 30, 2023, the Organization did not provide any funds relating to their federal, state, and county programs to subrecipients. De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the de minimis cost rate when allocating indirect costs to federal, state, and county programs. As of June 30, 2023, the Organization did not have any federal loan or loan guarantee programs.