Audit 35545

Title: Basis of presentation Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained 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 Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix under programs of the federal government for the year ended September 30, 2022. 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). Because the Schedule presents only a selected portion of the operations of The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix, it is not intended to and does not present the financial position, change in net assets or cash flows of The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix. The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix did not provide federal awards to sub-recipients during the year ended September 30, 2022.