Audit 32842

Title: Subrecipients Accounting Policies: BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the "Schedule") includes thefederal award activity of Martha's Vineyard Community Services, Inc. (the "Organization") under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule is presented in accordance with therequirements 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 ofthe operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, orcash flows of the Organization. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:(1) Expenditures reported on theSchedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. (2) Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization provided no federal awards to subrecipients.