Audit 8273

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lifespan of Greater Rochester, Inc. and Affiliates (Lifespan) under programs of the federal government for the year ended March 31, 2023. The information in the 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 Lifespan, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Lifespan.Amounts included in the accompanying Schedule are actual expenditures for the year ended March 31, 2023. Differences between amounts included in the accompanying Schedule and amounts reported to funding agencies for these programs result from report timing. BASIS OF ACCOUNTING: Expenditures reported in 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 allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Lifespan has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.