Audit 31054

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Glen Cove Child Day Care Center, Inc. (the Center) under programs of the federal government for the year ended July 31, 2022. The information in the Schedule is presented in accordance with 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 Glen Cove Child Day Care Center, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Glen Cove Child Day Care Center, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements. Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Glen Cove Child Day Care Center, Inc., in accordance with the Federal Requirement for the Head Start program, Glen Cove Child Day Care Center, Inc. is in compliance with the 15% maximum administrative costs.