Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Association under programs of the federal government for the year ended November 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 theop erations of the Association, it is not intended to, and does not, present the financial
position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of the Association under programs of the federal government for the
year ended November 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 the Association, it is not intended to, and does not, present the financial
position, changes in net assets, or cash flows of the Association.
Title: NOTE 2 CONTRACT AMOUNT
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Association under programs of the federal government for the year ended November 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 theop erations of the Association, it is not intended to, and does not, present the financial
position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The contract amount represents the total grant award for the period indicated.
Title: NOTE 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Association under programs of the federal government for the year ended November 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 theop erations of the Association, it is not intended to, and does not, present the financial
position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures - The expenditure amount represents the total expenditures incurred.
Indirect Cost Rate - The Association did not elect to use the 10% de minimis indirect cost rate as allowed under
the Uniform Guidance.
Federal Awards Passed Through to Subrecipients - The Association did not pass through any awards to subrecipients.
Title: NOTE 4 PROVIDER RELIEF FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Association under programs of the federal government for the year ended November 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 theop erations of the Association, it is not intended to, and does not, present the financial
position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: N
Rate Explanation: The Association did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The financial statements reflect revenue recognized from the Provider Relief Funds of $122,021 for the year ended November 30, 2023. The schedule includes Provider Relief Funds of $122,021 that were received in Period 4 in accordance with the requirements of
the compliance supplement for assistance listing number 93.498.