Audit 328435

Title: Note 1. Basis of Presentation Accounting Policies: 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 information numbers are presented where available. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The SNP did not use the 10% de minimis cost rate during the year ended June 30, 2024. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the School Nutrition Program (the SNP) of the Archdiocese of Los Angeles Education and Welfare Corporation (the Corporation) for its preschools, elementary schools and high schools that received and expended the federal awards for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the OMB Compliance Supplement, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (the Uniform Guidance). The Corporation’s SNP reporting entity is defined in Note 1 to the Corporation’s SNP financial statements. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the Corporation. The SNP is eligible and has elected to perform a program specific audit since they only have one federal program, the Child Nutrition Cluster.

Title: Note 2. Summary of Significant Accounting Policies Accounting Policies: 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 information numbers are presented where available. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The SNP did not use the 10% de minimis cost rate during the year ended June 30, 2024. 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 information numbers are presented where available. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.

Title: Note 3. Indirect Costs Accounting Policies: 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 information numbers are presented where available. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: The SNP did not use the 10% de minimis cost rate during the year ended June 30, 2024. The SNP did not use the 10% de minimis cost rate during the year ended June 30, 2024.