Audit 2509

Title: SUBRECIPIENTS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance of Lewis County Head Start, Inc. The Organization receives federal awards both directly from federal agencies and indirectly through pass-through entities. 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 Lewis County Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Lewis County Head Start. 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. Indirect costs may be included in the reported expenditures, to the extent they are included in the federal financial reports used as the source for the data presented. Matching costs (the Organization’s share of certain program costs) are not included in the reported expenditures. Lewis County Head Start, Inc. has not elected to use the 10 percent de minimis cost rate as covered in CFR200.414 Indirect (F&A) costs. De Minimis Rate Used: N Rate Explanation: N/A Of the federal expenditures presented in the schedule, Lewis County Head Start, Inc. provided no federal awards to sub-recipients.

Title: NON-CASH CONTRIBUTIONS Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance of Lewis County Head Start, Inc. The Organization receives federal awards both directly from federal agencies and indirectly through pass-through entities. 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 Lewis County Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Lewis County Head Start. 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. Indirect costs may be included in the reported expenditures, to the extent they are included in the federal financial reports used as the source for the data presented. Matching costs (the Organization’s share of certain program costs) are not included in the reported expenditures. Lewis County Head Start, Inc. has not elected to use the 10 percent de minimis cost rate as covered in CFR200.414 Indirect (F&A) costs. De Minimis Rate Used: N Rate Explanation: N/A A non-federal matching share equal to 20% of the total costs of the program, is a statutory requirement of the Head Start Act. Lewis County Head Start, Inc. had total non-federal matching of $444,083, which was greater than the reduced required match of $380,387, in the form of volunteer time, professional services, and donated assets for the year ended February 28, 2023 for the Head Start Program.