Audit 305686

Accounting Policies: 1. BASIS OF PRESENTATION The schedule of expenditures of federal awards (the Schedule) includes federal grant activity of Contact Community Services, Inc. (the Organization) and is presented on the accrual basis of accounting. The information in the 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 the Organization, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Organization. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Amounts included in the Schedule are actual expenditures for the year ended December 31, 2023. Differences between amounts included in the Schedule and amounts reported to funding agencies for these programs result from report timing. 3. INDIRECT COST The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. 4. SUBRECIPIENTS The Organization does not have any subrecipients of federal awards. De Minimis Rate Used: N Rate Explanation: 3. INDIRECT COST The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.