Audit 41613

Title: Basis of Presentation Accounting Policies: The expenditures reported on the Schedule 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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance; however, there are currently no indirect costs allocated directly to federal programs as the Organization only receives blended awards. The accompanying schedule of expenditures of federal, state, and local and other awards (Schedule) includes the award activity of federal, state, and local and other award programs of Adelphoi Village, Inc. (Organization) for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Adelphoi Village, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.