Audit 15024

Title: Basis of Presentation Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting which conform to accounting principles generally accepted in the United States of America. 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. De Minimis Rate Used: N Rate Explanation: Rural Minnesota CEP, Inc. has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Rural Minnesota CEP, Inc. 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 Rural Minnesota CEP, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Rural Minnesota CEP, Inc..

Title: County Funded Programs Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting which conform to accounting principles generally accepted in the United States of America. 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. De Minimis Rate Used: N Rate Explanation: Rural Minnesota CEP, Inc. has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The counties funding the MN Family Investment Program (TANF) and the Diversionary Work Program include Becker, Cass, Clay, Clearwater, Crow Wing, Douglas, Hubbard, Lake of the Woods, Morrison, Otter Tail, Todd, Traverse, Wadena, Western Prairie (Grant and Pope), and Wilkin.

Title: Pass Through Entity Identification Numbers Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting which conform to accounting principles generally accepted in the United States of America. 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. De Minimis Rate Used: N Rate Explanation: Rural Minnesota CEP, Inc. has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Several of the programs, grants, and/or awards included in the schedule are missing the pass-through entity identification numbers. The missing numbers are due to the pass-through entities not providing the pass-through entity identification numbers.