Audit 8584

Title: Note A-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 Uniform Guidance, Cost principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Psycho-Social Rehabilitation Center, Inc.’s indirect cost is significantly less than ten percent. Psycho- Social Rehabilitation Center, Inc. did not elect to use the 10 percent de-minimis indirect cost rate. The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) presents the activity of all federal and state award programs Psycho-Social Rehabilitation Center, Inc., for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Audits of States, Local Governments, and Non-Profit Organizations and Chapter 10.650, Rules of the Auditor General of the State of Florida. Because this schedule presents only a selected portion of the operation of the Psycho-Social Rehabilitation Center, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Psycho-Social Rehabilitation Center, Inc.