Title: General Information
Accounting Policies: 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. Melmark has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Melmark has not provided federal awards to any 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.
The accompanying schedule of expenditures of federal and state awards presents the activities in all the federal and state financial awards programs of Melmark, Inc. (Melmark). All financial awards received directly from federal and state agencies, as well as financial awards passed through other governmental agencies, are included on the schedule.
Title: Basis of Presentation
Accounting Policies: 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. Melmark has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Melmark has not provided federal awards to any 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.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes federal and state grant activity of Melmark under programs of the federal and state 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 Melmark, it is not intended to and does not present the financial position, changes in net assets or cash flows of Melmark.
Title: Relationship to Basic Financial Statements
Accounting Policies: 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. Melmark has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Melmark has not provided federal awards to any 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.
Expenditures of federal and state awards are reported on the statement of activities as operating expenses. In certain programs, the expenditures reported in the consolidated financial statements differ from the expenditures reported in the schedule of expenditures of federal and state awards because program expenditures and other expenditures may exceed contract budget limitations, and are therefore not included as expenditures of federal and state awards.
Title: Reconciliation of Expenditures to Schedule of Expenditures of Federal and S
Accounting Policies: 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. Melmark has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Melmark has not provided federal awards to any 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.
Expenses per consolidated statement of activities$100,891,604Less expenses funded by public support, fundraising, private grants, and other income72,219,367Expenditures per Schedule of Expenditures of Federal and State Awards$28,672,237
Title: Subsequent Events
Accounting Policies: 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 allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. 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. Melmark has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Melmark has not provided federal awards to any 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.
Melmark has evaluated subsequent events occurring after the consolidated financial statements date of June 30, 2022 through October 31, 2022, except for our report on the supplemental schedule of expenditures of federal and state awards, for which the subsequent events date is December 7, 2022, which is the date these consolidated financial statements were available to be issued. No events arose during that period which would require adjustments or additional disclosure.