Audit 17630

Title: Loan/loan guarantee outstanding balances Accounting Policies: Note 1. Basis of Presentation The preceding schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The Planning Council under programs of the federal government for the year ended December 31, 2022. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of The Planning Council, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Planning Council. Note 2. Basis of Accounting 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Note 3. Indirect Cost Rate The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. DISASTER ASSISTANCE LOANS (59.008) - Balances outstanding at the end of the audit period were 148077.