Audit 294737

Title: Significant Accounting Policies Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards includes all federal grant activity of Easterseals Oregon for the year ended August 31, 2023. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the schedule presents only a selected portion of the operations of Easterseals Oregon, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of Easterseals Oregon. Pass-through entity identifying numbers are presented when available. Expenditures Expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Easterseals Oregon has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Easterseals Oregon negotiated an indirect cost rate of 21.26% with the Department of Labor, but charges indirect costs based on rates specified in each grant agreement, which range from 8.25% to 20%. De Minimis Rate Used: N Rate Explanation: ESO has a NICRA Basis of Presentation The accompanying schedule of expenditures of federal awards includes all federal grant activity of Easterseals Oregon for the year ended August 31, 2023. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the schedule presents only a selected portion of the operations of Easterseals Oregon, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of Easterseals Oregon. Pass-through entity identifying numbers are presented when available. Expenditures Expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Easterseals Oregon has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Easterseals Oregon negotiated an indirect cost rate of 21.26% with the Department of Labor, but charges indirect costs based on rates specified in each grant agreement, which range from 8.25% to 20%.