Audit 338072

Title: NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. For performance-based awards, expenditures reported represent amounts earned. De Minimis Rate Used: N Rate Explanation: Catholic Charities, Inc. – Archdiocese of Hartford and Subsidiary has not elected to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federalaward activity of Catholic Charities, Inc. - Archdiocese of Hartford and Subsidiary under programs of thefederal government for the year ended June 30, 2024. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“UniformGuidance”). Because this Schedule presents only a selected portion of the operations of Catholic Charities, Inc. - Archdiocese of Hartford and Subsidiary, it is not intended to and does not present thefinancial position, changes in net assets or cash flows of Catholic Charities, Inc. - Archdiocese of Hartford and Subsidiary. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in Uniform Guidance wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. For performance-based awards,expenditures reported represent amounts earned. Catholic Charities, Inc. – Archdiocese of Hartford and Subsidiary has not elected to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.

Title: NOTE 2 – BENEFICIARY AGREEMENTS: 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 Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. For performance-based awards, expenditures reported represent amounts earned. De Minimis Rate Used: N Rate Explanation: Catholic Charities, Inc. – Archdiocese of Hartford and Subsidiary has not elected to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance. Expenditures of beneficiary agreements are not required to be reported on the Schedule. Beneficiary agreements consisted of the following for the year ended June 30, 2024: Federal Grantor/ Federal Pass-Through Grantor/ Assistance Contract Agreement Federal Remaining Program Title Listing Number Period Contract Amount Expenditures Balance U.S. Department of Treasury Pass-through Programs: State of Connecticut Department of Developmental Services COVID-19 - Coronavirus State and Local Fiscal Recovery Funds DDS - ARPA Enhanced Community Engagement 21.027 1/24/24 -12/31/24 $ 509,028 $ 96,938 $ 412,090 DDS - ARPA One-Time Stabilization 21.027 3/3/21-12/31/24 $ 489,170 $ 427,923 $ 61,247