Audit 317180

Title: Summary of Significant Accounting Policies Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule)” includes the federal award activity of Jewish Family Service Agency (the “Agency”) 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 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 the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The amount of noncash expenditures reported on the Schedule as indicated with an * is the value of the food commodities distributed by the Agency during the current year and priced as described in the notes to the financial statements in Note 1 subsection contributed materials and services. Indirect Cost Rate The Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The indirect cost rate is negotiated per contract with each grantor. The Organization aims for the 10% de minimis cost rate but several grantors state in their applications what can be used and those rates are generally below 10%, or not provided at all. Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule)” includes the federal award activity of Jewish Family Service Agency (the “Agency”) 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 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 the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The amount of noncash expenditures reported on the Schedule as indicated with an * is the value of the food commodities distributed by the Agency during the current year and priced as described in the notes to the financial statements in Note 1 subsection contributed materials and services. Indirect Cost Rate The Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.