Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Counterpart International, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Counterpart International, Inc. under programs of the federal government for the year
ended September 30, 2023. Information in the 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) . The Schedule presents only a selected portion of the operations of Counterpart International, Inc.; accordingly, it is not
intended to and does not present the financial position, changes in net assets or cash flows of Counterpart International, Inc.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Counterpart International, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Counterpart International, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Title: Note 3. Gifts In-Kind (Noncash Assistance)
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Counterpart International, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Gifts In-Kind reported on the Schedule include non-cash aid (commodities) provided to Counterpart International, Inc.'s beneficiaries under federal programs. In accordance with 2 CFR 200.502 Basis for
determining Federal awards expended, Federal non-cash assistance is reported on the Schedule of Expenditures of Federal Awards at the time of receipt and measured at the assessed property value
provided by the Federal agency.
Following is a reconciliation of Federal gifts in-kind reported on the Schedule of Expenditures of Federal Awards to the Consolidated Financial Statements:
Gifts in-kind per the Schedule of Expenditures of Federal Awards $ 6,300,716 Less Ending Balance of Commodities (3,781,532)
Plus Opening Balance of Commodities 2,374,481
Less Other Changes (20,371)
Add Non-Federal Gifts In-kind 68,621
GIFTS IN-KIND PER THE CONSOLIDATED STATEMENT OF ACTIVITIES $ 4,941,915
Title: Note 4. Reconciliation of Schedule of Expenditures of Federal Awards to Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Counterpart International, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Expenditures per the Schedule of Expenditures of Federal Awards $ 50,074,601
Federal gifts in-kind (176,470)
Amounts included in contract revenue on Consolidated Statement of Activities and Changes in Net Assets (6,300,716) Revenue on fixed amount award based on deliverables 78,825
U.S. GOVERNMENT GRANTS PER CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS $ 43,676,240