Audit 55390

Accounting Policies: (1) Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includesthe federal award activity of the Family Service League, Inc. (the Organization) underprograms of the federal government for the year ended December 31, 2022. Theinformation in this Schedule is presented in accordance with the requirement of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of the Organization, it is notintended to and does not present the financial position, changes in net assets or cash flowsof the Organization.(2) Basis of AccountingExpenditures reported on the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained inthe Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to reimbursement.Pass-through numbers are presented where available.The amounts reported as federal expenditures were obtained from the federal financialreports for the applicable program and periods. The amounts reported in these reports areprepared from records maintained for each program, which are reconciled with theOrganizations financial reporting system.(3) Indirect CostsThe Organization has elected not to use the 10% de minimis indirect cost rate allowedunder the Uniform Guidance.(4) Other DisclosuresNo insurance is carried specifically to cover equipment purchased with federal funds. Anyequipment purchased with federal funds has only a nominal value, and is covered by theOrganizations insurance policies.There were no loans or loan guarantees outstanding at year end.(5) Major Program DeterminationThe Organization was deemed to be a low-risk auditee, therefore, major programs weredetermined based on 20% of total federal award expenditures. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.