Audit 308367

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services, it is not intended to and does not present the financial position or changes in net position of Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services. De Minimis Rate Used: N Rate Explanation: Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services has elected not to use the 10 percent de minimus indirect cost rate to recover costs as allowed under the Uniform Guidance The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services, it is not intended to and does not present the financial position or changes in net position of Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services.

Title: RECONCILIATION OF REVENUE REPORTED IN THE FINANCIAL STATEMENTS Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services, it is not intended to and does not present the financial position or changes in net position of Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services. De Minimis Rate Used: N Rate Explanation: Lutheran Child and Family Service of Michigan, Inc. d/b/a Wellspring Lutheran Services has elected not to use the 10 percent de minimus indirect cost rate to recover costs as allowed under the Uniform Guidance Total federal expenditures per Schedule of Expenditures of Federal Awards $1,665,695. ADD: NON-FEDERAL SERVICE CONTRACTS $24,130,460. REVENUES PER FINANCIAL STATEMENTS - FEDERAL SOURCES $25,796,155. Add: Non-federal service contracts 24,130,460 0 0 0 0 0 Revenues per financial statements - federal sources $25,796,155