Audit 354282

Title: Basis of Accounting Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of First Start Partnerships for Children and Families, Inc. 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 basic financial statements. De Minimis Rate Used: N Rate Explanation: First Start Partnerships for Children and Families, Inc. is currently using an internally developed method to allocate indirect costs and is not using the 10% de minimis indirect cost allocation. The schedule of expenditures of federal awards includes the federal grant activity of First Start Partnerships for Children and Families, Inc. 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 basic financial statements.

Title: Indirect Cost Rate Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of First Start Partnerships for Children and Families, Inc. 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 basic financial statements. De Minimis Rate Used: N Rate Explanation: First Start Partnerships for Children and Families, Inc. is currently using an internally developed method to allocate indirect costs and is not using the 10% de minimis indirect cost allocation. First Start Partnerships for Children and Families, Inc. is currently using an internally developed method to allocate indirect costs and is not using the 10% de minimis indirect cost allocation.