Audit 303658

Title: Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures re recognized following the cost principles contained in the Uniform Guidance and HHS Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. A Positive Approach to Teen Health (PATH), Inc. has elected to use the 10 [ercent de-minimus indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimus cost rate. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures re recognized following the cost principles contained in the Uniform Guidance and HHS Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. A Positive Approach to Teen Health (PATH), Inc. has elected to use the 10 [ercent de-minimus indirect cost rate as allowed under the Uniform Guidance.