Audit 357597

Title: Subsequent Events Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Alaska Family Child Care Association under programs of the federal government for the year ended September 30, 2024. The information in the 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 Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alaska Family Child Care Association. Expenditures reported on the Schedule are reported on the full 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: Alaska Family Child Care Association has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Alaska Family Child Care Association has evaluated subsequent events through May 28, 2025, the date on which the financial statement was issued.

Title: Claims for Reimbursement Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Alaska Family Child Care Association under programs of the federal government for the year ended September 30, 2024. The information in the 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 Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alaska Family Child Care Association. Expenditures reported on the Schedule are reported on the full 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: Alaska Family Child Care Association has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Reimbursements paid as of September 30, 2024 $ 1,619,141 Unpaid reimbursements at September 30, 2024 138,919 $ 1,758,060