Audit 336465

Title: CONTINGENCIES Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (schedule) includes the federal grant activity of Thompson Child & Family Focus (the Organization) and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization is subject to audit examination by the funding sources of grants to determine its compliance with certain grant provisions. In the event, that expenditures could be disallowed through the audit, repayment of such disallowances could be required.