Audit 303437

Title: NOTE A – BASIS OF PRESENTATION Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Edward C. Mazique Parent Child Center, 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 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 Edward C. Mazique Parent Child Center, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Edward C. Mazique Parent Child Center, Inc. NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported in 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 expenses are not allowable or are limited as to reimbursement. NOTE C – INDIRECT COST RATE Edward C. Mazique Parent Child Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Edward C. Mazique Parent Child Center, Inc. did not request a reimbursement for any indirect costs associated with federal grants received during the year; and therefore, no indirect cost rate was utilized. The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Edward C. Mazique Parent Child Center, 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 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 Edward C. Mazique Parent Child Center, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Edward C. Mazique Parent Child Center, Inc.

Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Edward C. Mazique Parent Child Center, 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 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 Edward C. Mazique Parent Child Center, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Edward C. Mazique Parent Child Center, Inc. NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported in 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 expenses are not allowable or are limited as to reimbursement. NOTE C – INDIRECT COST RATE Edward C. Mazique Parent Child Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Edward C. Mazique Parent Child Center, Inc. did not request a reimbursement for any indirect costs associated with federal grants received during the year; and therefore, no indirect cost rate was utilized. Expenditures reported in 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 expenses are not allowable or are limited as to reimbursement.

Title: NOTE C – INDIRECT COST RATE Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Edward C. Mazique Parent Child Center, 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 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 Edward C. Mazique Parent Child Center, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Edward C. Mazique Parent Child Center, Inc. NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported in 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 expenses are not allowable or are limited as to reimbursement. NOTE C – INDIRECT COST RATE Edward C. Mazique Parent Child Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Edward C. Mazique Parent Child Center, Inc. did not request a reimbursement for any indirect costs associated with federal grants received during the year; and therefore, no indirect cost rate was utilized. Edward C. Mazique Parent Child Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.