Audit 300677

Title: Basis of Presentation Accounting Policies: 1. Basis of Presentation The schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Vermont Afterschool, Inc. under programs of the federal government for the year ended June 30, 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”). Because the Schedule presents only a selected portion of the operations of Vermont Afterschool, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Vermont Afterschool, Inc. 2. Basis of Accounting 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, where in certain types of expenditures are not allowable or are limited as to reimbursement. Vermont Afterschool, Inc. has elected to use the 10 percent de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs. De Minimis Rate Used: Y Rate Explanation: Vermont Afterschool, Inc. has elected to use the 10 percent de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs. The schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Vermont Afterschool, Inc. under programs of the federal government for the year ended June 30, 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”). Because the Schedule presents only a selected portion of the operations of Vermont Afterschool, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Vermont Afterschool, Inc.

Title: Basis of Accounting Accounting Policies: 1. Basis of Presentation The schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Vermont Afterschool, Inc. under programs of the federal government for the year ended June 30, 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”). Because the Schedule presents only a selected portion of the operations of Vermont Afterschool, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Vermont Afterschool, Inc. 2. Basis of Accounting 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, where in certain types of expenditures are not allowable or are limited as to reimbursement. Vermont Afterschool, Inc. has elected to use the 10 percent de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs. De Minimis Rate Used: Y Rate Explanation: Vermont Afterschool, Inc. has elected to use the 10 percent de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs. 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, where in certain types of expenditures are not allowable or are limited as to reimbursement. Vermont Afterschool, Inc. has elected to use the 10 percent de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs.