Audit 1280

Title: SCOPE OF AUDIT PURSUANT TO OMB UNIFORM GRANT GUIDANCE Accounting Policies: See Additional Notes De Minimis Rate Used: N Rate Explanation: The Cooperative has not elected to use the 10% de minimis indirect cost. All federal grant operations of Region IX Education Cooperative the Cooperative are included in the scope of the Office of Management and Budget OMB Uniform Grant Guidance audit the Single Audit The Single Audit was performed in accordance with the provisions of the OMB Circular Compliance Supplement Revised April 2022 the Compliance Supplement Compliance testing of all requirements are described in the Compliance Supplement was performed for the grant programs noted below These programs represent all federal award programs and other grants with fiscal year 2023 cash and non-cash expenditures to ensure coverage of at least 20 LOW risk auditee of federally granted funds. Actual coverage is approximately 74 of total cash and non-cash federal award program expenditures Total cash expenditures were in the amount of 14728892 and all non-cash expenditures amounted to 0

Title: INDIRECT COSTS Accounting Policies: See Additional Notes De Minimis Rate Used: N Rate Explanation: The Cooperative has not elected to use the 10% de minimis indirect cost. The Cooperative has not elected to use the 10 de minimis indirect cost.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: See Additional Notes De Minimis Rate Used: N Rate Explanation: The Cooperative has not elected to use the 10% de minimis indirect cost. Basis of presentation The accompanying Schedule of Expenditures of Federal Awards the Schedule includes the federal grant activity of the Cooperative under programs of the federal government for the year ended June 30 2023 The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget OMB Uniform Grant Guidance Because the Schedule presents of the operations of the Cooperative it is not intended to and does not present the financial position and changes in net position of the only a selected portion Cooperative All federal programs considered active during the year ended June 30 2023 are reflected on the Schedule An active federal program is defined as a federal program for which there were receipts or disbursements of funds or accrued (deferred) grant revenue adjustments during the fiscal year or a federal program considered as not completed or closed out at the beginning of the fiscal year The Schedule is prepared using the accrual basis of accounting Grant revenues are recorded for financial reporting purposes when the Cooperative has met the qualifications for the respective grant Accrued and deferred reimbursements Various reimbursement procedures are used for Federal awards received by the Cooperative Consequently timing differences between expenditures and program reimbursements can exist at the beginning and end of the year Accrued balances at year end represent an excess of reimbursable expenditures over receipts to date Deferred balance at yearend represents an excess of cash receipts over reimbursable expenditure to date Generally accrued or deferred balances covered by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period