Audit 320363

Title: Vaccines Accounting Policies: Summary of Significant Accounting Policies - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Connecticut Institute For Communities, Inc., (CIFC) under programs of the federal government for the year ended December 31, 2023. The information is 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 CIFC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CIFC. 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. Pass-through entity identifying numbers are presented when available. De Minimis Rate Used: N Rate Explanation: CIFC did not use the 10 percent de minimis indirect cost rate. CIFC, as a vaccinating provider, received vaccines valued at $674,572 from the U.S. Department of Public Health, passed through to CIFC by the State of Connecticut Department of Public Health. Vaccinating providers are not considered subrecipients; therefore, the value of vaccines received is not considered as expenditures under a federal award for purposes of determining audit coverage and reporting by CIFC.