Audit 315744

Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal award activity of Bdote Learning Center 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 Bdote Learning Center, it is not intended to and does not present the financial position or changes in net position of Bdote Learning Center. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Bdote Learning Center has not elected to use the 10 percent de minimis indirect cost rate as allowed by the Uniform Guidance.