Audit 306401

Title: NOTE 1: BASIS OF PRESENTATION Accounting Policies: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. B) Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Auditee did not use the de minimis cost rate The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lafayette Transitional Housing Center, Inc. and Subsidiary under programs of the federal government for the year ended September 30, 2023. The information in this 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 Lafayette Transitional Housing Center, Inc. and Subsidiary, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of Lafayette Transitional Housing Center, Inc. and Subsidiary.

Title: NOTE 4: PASSED THROUGH TO SUBRECIPIENTS Accounting Policies: NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. B) Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The Auditee did not use the de minimis cost rate Lafayette Transitional Housing Center, Inc. and Subsidiary had no awards that were passed through to subrecipients.