Audit 335292

Accounting Policies: Notes 1- Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant award activity of Morton Comprehensive Health Services, Inc. under programs of the federal government for the year ended March 31, 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 Morton Comprehensive Health Services, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets or cash flows of Morton Comprehensive Health Services, Inc. Note 2 – Summary of Significant 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Morton Comprehensive Health Services, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Note 3 – Federal Loan Programs Morton Comprehensive Health Services, Inc. did not have any federal loan programs during the year ended March 31, 2024. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.