Title: 1. BASIS OF PRESENTATION
Accounting Policies: 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, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule)
includes the federal and state grant activity of Elevate, Inc. under programs of the federal
and state government for the year ended December 31, 2023. The information on this
Schedule is prepared 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) and in accordance with the State
Single Audit Guidelines.
Title: 3. COMMINGLED FUNDS
Accounting Policies: 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, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended December 31, 2023, funds totaling $1,108,118 were received from
Sheboygan County. While the grant agreement indicates that the source of the funds
included both federal (ALN 93.778, 93.667, 93.558, 93.958, and 93.959) and state awards
(contract 435.516 and 435.561), Sheboygan County has not provided the Organization with
the amount of federal funds included. Because the split between federal and state funding is
unknown, the full amount is included in the accompanying schedule of expenditures of
federal awards under ALN 93.778.
Title: 4. NON-CASH ASSISTANCE, LOANS AND INSURANCE
Accounting Policies: 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, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Elevate, Inc. did not receive any federal non-cash assistance, federal loans or federal
insurance for the year ended December 31, 2023.
Title: 5. SUBRECIPIENTS
Accounting Policies: 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, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Organization has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Elevate, Inc. did not provide federal awards to subrecipients during the year ended
December 31, 2023.