Audit 48216

Title: CONTINGENCIES Accounting Policies: The accompanying Consolidated Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the federal and state award activity of Camelot Community Care, Inc. and its wholly owned subsidiary Childrens Network of Southwest Florida, LLC (the Organization) under programs of the federal government and State of Florida for the year ended June 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) and Chapter 10.650, Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Camelot Community Care, Inc. and Childrens Network of Southwest Florida, LLC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Camelot Community Care, Inc. and Childrens Network of Southwest Florida, LLC.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 and Chapter 10.650, Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. These federal programs and state projects are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Organizations continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Organization expects such amounts, if any, to be immaterial.The Office of Management and Budget April 2022 Compliance Supplement provides guidance for when to report Provider Relief Fund expenditures on the Schedule, based on defined Periods. Provider Relief Fund expenditures on the Schedule are related to Period 2 payments, which were received during July 1, 2020 through December 2020 and had to be used for eligible expenditures by December 31, 2021.