Audit 14144

Title: Note 1 – Basis of Presentation Accounting Policies: Note 2 – Summary of Significant 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 the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Nonmonetary assistance is reported in the Schedule at the fair value of the commodities received and disbursed, if applicable. San Diego Regional Policy & Innovation Center has elected to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: San Diego Regional Policy & Innovation Center has elected to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of San Diego Regional Policy & Innovation Center 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 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 San Diego Regional Policy & Innovation Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of San Diego Regional Policy & Innovation Center. Therefore, some amounts presented in the Schedule may differ from amounts presented in the financial statements.