Audit 47822

Accounting Policies: 1. General Information:The accompanying Schedule of Expenditures of Federal and State Awards include the federal andstate awards activity of Center for Supportive Schools, Inc. under programs of the federal and stategovernment for the year ended June 30, 2022. All financial awards received directly from federaland state agencies as well as financial awards passed through other governmental agencies or notfor-profit organizations are included on the schedule. The information in the Schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of Center for Supportive Schools, Inc. it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of Center for Supportive Schools, Inc.2. Basis of Accounting:The accompanying Schedule of Expenditures of Federal and State Awards is presented using theaccrual basis of accounting. The amounts recognized following the cost principles contained inUniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations where incertain types of expenditures are not allowable or are limited as to reimbursement. If present,negative amounts reflected in the schedule represent adjustments or credit resulting from thenormal course of business to amounts reported as expenditures in prior years. The amountsreported in the schedule as expenditures may differ from certain financial reports submitted tofederal and state funding agencies due to those reports being submitted on either a cash or modifiedaccrual basis of accounting.3. Relationship to Basic Financial Statements:Federal and State Award expenditures are reported on the Statement of Functional Expenses asprogram services. In certain programs, the expenditures reported in the financial statements maydiffer from the expenditures reported in the Schedule of Expenditures of Federal and State Awardsdue to program expenditures exceeding grant or contract budget limitations, matching or in-kindcontributions or capitalization policies required under accounting principles generally accepted inthe United States of America. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.