Audit 23170

Title: Subrecipients Accounting Policies: Basis of Accounting The accompanying schedule of expenditures of federal awards includes the federal grant activity of Kootenai Valley Head Start, Inc. (Organization) and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 US. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the nancial statements. Summary of Signicant Accounting Policies The accounting policies used in preparing the Schedule of Expenditures of Federal Awards are the same as those used in the preparation of the basic nancial statements as described in Note 1 to the nancial statements. The information included in this schedule is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A122, Cost Principles for Nonprot Organizations. Some amounts may differ from amounts presented in, or used in the preparation of, the basic nancial statements. Reported Federal expenditures include only expenditures paid with Federal funds or reportable program income. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization did not provide awards to subrecipients during the year ended January 31, 2022.