Audit 299912

Title: Basis of Presentation Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal loan activity of Randolph Home 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 (CFR) 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 Randolph Home, it is not intended to and does not present the financial position or changes in financial position of Randolph Home. De Minimis Rate Used: N Rate Explanation: Randolph Home has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal loan activity of Randolph Home 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 (CFR) 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 Randolph Home, it is not intended to and does not present the financial position or changes in financial position of Randolph Home.