Audit 94857

Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Summit County Family Resource Center d/b/a Family & Intercultural Resource Center (the "Organization") under programs of the federal government for the year ended September 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). It is not intended to and does not present the financial position, change in net assets, or cash flows of Summit County Family Resource Center d/b/a Family & Intercultural Resource Center. 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 allowable or are limited as to reimbursement. The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Summit County Family Resource Center d/b/a Family & Intercultural Resource Center did not pass funds through to subrecipients for the year ended September 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 731305.