Audit 347126

Title: Basis of Presentation Accounting Policies: The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations; and Chapter 10.650, Rules of the Auditor General. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements and is presented on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Expenses are allocated using a direct approach The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance includes the federal and state grant activity of Kids Central, Inc. and Subsidiaries (the Corporation) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations; and Chapter 10.650, Rules of the Auditor General. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Corporation did not elect to use the 10% de minimis indirect cost rate as covered in 200.4.414, Indirect (F&A) Costs, of the Uniform Guidance.