Audit 52740

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Kentucky Partnership for Families and Children, Inc. (KPFC) under programs of the federal government 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). Because the Schedule presents only a selected portion of the operations of KPFC, it is not intended to and does not present the financial position modified cash basis, activities modified cash basis, or cash flows modified cash basis of KPFC. Expenditures reported on the Schedule are reported on the modified cash basis of accounting as described in Note 1 of the financial statements. 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. KPFC has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. Pass-through entity identifying numbers are presented where available. There were no awards passed through to subrecipients for the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.