Audit 332614

Accounting Policies: NOTE 1. BASIS OF PRESENTATION The accompanying consolidated schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Child and Family Services of Erie County and the related Stanley G. Falk School (collectively referred to as “the Agency”) under programs of the federal government for the year ended June 30, 2024. 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 present the financial position, changes in net assets, or cash flows of the Agency. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures on the Schedule are reported on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance. The Agency has elected not to use the 10% de minimis rate permitted by the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Agency has elected not to use the 10% de minimis rate permitted by the Uniform Guidance.