Audit 333265

Title: Note 1. Basis of Presentation Accounting Policies: Expenditures reported on the Schedules 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. De Minimis Rate Used: N Rate Explanation: Partners in Prevention, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Agency uses negotiated indirect cost rates. The accompanying Schedule of Expenditures of Federal Awards and Schedule of Expenditures State and County Awards (the Schedules) include the federal, state, and county grant activity of Partners in Prevention, Inc. for the year ended June 30, 2023. The information in the Schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), and New Jersey Circular 15-08-OMB. Because the Schedules present only a selected portion of the operations of Partners in Prevention, Inc., they are not intended to and do not present the financial position, changes in net assets, or cash flows of Partners in Prevention, Inc.