Audit 366133

Title: Basis of Presentation Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement De Minimis Rate Used: N Rate Explanation: Marathon County Child Development Agency, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of Marathon County Child Development Agency, Inc. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 financial statements. Where grant numbers are not available, an “N/A” has been indicated.

Title: Subrecipients Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement De Minimis Rate Used: N Rate Explanation: Marathon County Child Development Agency, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance Marathon County Child Development Agency, Inc. provided no federal awards to subrecipients during the fiscal year ending March 31, 2025

Title: Disclosure of Other Forms of Assistance Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement De Minimis Rate Used: N Rate Explanation: Marathon County Child Development Agency, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance Marathon County Child Development Agency, Inc. received no federal or state awards of non-monetary assistance that are required to be disclosed for the fiscal year ended March 31, 2025.Marathon County Child Development Agency, Inc. had no federal or state loans or loan guarantors required to be disclosed for the year ended March 31, 2025.

Title: Property and Equipment Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement De Minimis Rate Used: N Rate Explanation: Marathon County Child Development Agency, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance Property and equipment acquired with grant funds are recorded as expenditures in the period of purchase instead of being capitalized and depreciated over their estimated useful lives as required by generally accepted accounting principles.