Audit 13155

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the grant activity of Hanley Center Foundation, Inc. d/b/a Hanley Foundation (the “Foundation”) 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 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 the Foundation, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Foundation. expenditures are recognized following the cost principles contained in the Uniform Guidance and other contractual arrangements, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Foundation has not awarded any amounts to sub-recipients. De Minimis Rate Used: Y Rate Explanation: The Foundation elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.