Audit 333572

Title: BASIS OF PRESENTATION Accounting Policies: Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by Children’s Bureau of New Orleans. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: Children’s Bureau of New Orleans has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Children’s Bureau of New Orleans under programs of the federal government for the year ended June 30, 2024. The information in the 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 Children’s Bureau of New Orleans, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Children’s Bureau of New Orleans.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by Children’s Bureau of New Orleans. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: Children’s Bureau of New Orleans has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by Children’s Bureau of New Orleans. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available.

Title: INDIRECT COST RATE Accounting Policies: Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by Children’s Bureau of New Orleans. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: Children’s Bureau of New Orleans has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Children’s Bureau of New Orleans has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.