Audit 27215

Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the federal award expenditures disbursed by Workforce, Inc. d/b/a RecycleForce received from the federal government for the year ended June 30, 2022. For the purpose of the Schedule, federal awards include pass-through funds from grants and contracts entered into directly between Workforce, Inc. d/b/a RecycleForce and state or local agencies and departments of the federal government. 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 Workforce, Inc. d/b/a RecycleForce and Subsidiaries, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Workforce, Inc. d/b/a RecycleForce and Subsidiaries.InventoryMaterials and supplies are charged to expense during the period of purchase. As a result, no inventory is recognized for these items in the accompanying consolidated financial statements.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. Expenditures consist of direct and indirect costs. Direct costs are those that can be readily identified with an individual federally sponsored program. Benefit payments made on behalf of an eligible recipient and the materials consumed by the program are examples of direct costs.The preparation of the Schedule of Expenditures of Federal Awards requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual results could differ from those estimates. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.