Audit 308256

Title: NOTE 1: BASIS OF PRESENTATION Accounting Policies: US Generally Accepted Accounting Principles De Minimis Rate Used: Y Rate Explanation: The Center has not made the election to use the 10% de minimis cost rate as covered in Uniform Guidance section 200.414 Indirect Costs. The accompanying Schedule of Expenditures of Federal Awards (the Schedule), prepared using U.S. generally accepted accounting principles, includes the federal award activity of the Alcohol & Drug Awareness Center for the Concho Valley under programs of the federal government 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). Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center.

Title: NOTE 1: BASIS OF PRESENTATION Accounting Policies: US Generally Accepted Accounting Principles De Minimis Rate Used: Y Rate Explanation: The Center has not made the election to use the 10% de minimis cost rate as covered in Uniform Guidance section 200.414 Indirect Costs. The Center has not made the election to use the 10% de minimis cost rate as covered in Uniform Guidance Section 200.414 Indirect (F&A) costs.