Audit 351840

Title: GENERAL Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organization’s financial statements. Expenditures are determined using cost accounting principles and procedures set forth in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Trinity Youth Services (the Organization), under programs of the federal government for the year ended June 30, 2024. Trinity Youth Services is a nonprofit multiservice agency serving the needs of children requiring out-of-home placement through residential treatment and foster family programs. The information in the Schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Example Entity, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Example Entity.

Title: BASIS OF ACCOUNTING Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organization’s financial statements. Expenditures are determined using cost accounting principles and procedures set forth in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organization’s financial statements. Expenditures are determined using cost accounting principles and procedures set forth in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: CONTINGENCIES Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organization’s financial statements. Expenditures are determined using cost accounting principles and procedures set forth in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Under the terms of federal and state grants, additional audits may be requested by the grantor agencies and certain costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies.

Title: INDIRECT COST RATE Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organization’s financial statements. Expenditures are determined using cost accounting principles and procedures set forth in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.