Audit 32298

Accounting Policies: NOTE 1 - GENERALThe accompanying schedule of expenditures of federal awards and state financial assistance presents the activity of all federal award programs and state financial assistance projects of Community Access to Child Health of Brevard, Inc. (CATCH of Brevard, Inc.). CATCH of Brevard, Inc. reporting entity is defined in Note 1 of CATCH of Brevard, Inc.s financial statements. The accounting policies and presentation of the Single Audit Report have been designed to conform to accounting principles generally accepted in the United States of America. Conformance also includes the reporting and compliance requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and the Florida Single Audit Act.NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures 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, and the Florida Single Audit Act, wherein certain types of expenditures may or may not be allowed or may be limited as to reimbursement. CATCH of Brevard, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.