Audit 298930

Title: NOTE 1 – 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 Title 2 U.S. CFR Part 200, Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Resource Center for Parents and Children, Inc. did not elect to use the 10% de minimis indirect cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Resource Center for Parents and Children, Inc. under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the audit requirements of Title 2 U.S. CFR Part 200, Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Resource Center for Parents and Children, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Resource Center for Parents and Children, Inc.

Title: NOTE 2 – PASSED THROUGH AWARDS 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 Title 2 U.S. CFR Part 200, Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Resource Center for Parents and Children, Inc. did not elect to use the 10% de minimis indirect cost rate. No amounts were passed through to subrecipients.