Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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 are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Minot Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates has not elected to use
the 10-percent de minimis cost rate as allowed under the Uniform Guidance.
The accompanying schedule includes the federal award activity of Minot Vocational Adjustment
Workshop, Inc., DBA: Kalix and Affiliates under programs of the federal government for the year
ended June 30, 2024. 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 Minot
Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates, it is not intended to and does
not present the financial position, change in net assets, or cash flows of Minot Vocational
Adjustment Workshop, Inc., DBA: Kalix and Affiliates.
Title: LOAN PROGRAMS
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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 are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Minot Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates has not elected to use
the 10-percent de minimis cost rate as allowed under the Uniform Guidance.
The Organization had the following amounts outstanding at June 30, 2024 under federal loan or
loan guarantee programs: (SEE NOTES TO THE SEFA FOR THE TABLE)
Title: EMPLOYER IDENTIFICATION NUMBERS
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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 are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Minot Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates has not elected to use
the 10-percent de minimis cost rate as allowed under the Uniform Guidance.
The accompanying schedule includes the activities of Minot Vocational Adjustment Workshop,
Inc., DBA: Kalix and Affiliates, EIN #45-0313122 and MVW Housing, LLC EIN #45-4889754.
Title: FEDERAL PORTION OF GOVERNMENT AGENCIES REVENUE
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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 are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Minot Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates has not elected to use
the 10-percent de minimis cost rate as allowed under the Uniform Guidance.
Minot Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates does not distinguish
between federal and non-federal revenue on the combined statement of activities and changes
in net assets. Revenue from multiple sources is consolidated for financial statement
presentation. The calculation of the federal amounts of funding for proper presentation in t (he
Schedule of Expenditures of Federal Awards (SEFA) are as follows:(SEE NOTES TO SEFA FOR THE TABLE)
Title: RECONCILIATION OF SEFA SCHEDULE FO THE COMBINED FINANCIAL STATEMENTS
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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 are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Minot Vocational Adjustment Workshop, Inc., DBA: Kalix and Affiliates has not elected to use
the 10-percent de minimis cost rate as allowed under the Uniform Guidance.
The following schedule ties to the federal awards as stated on the SEFA schedule to the
combined financial statements: (SEE NOTES TO THE SEFA FOR THE TABLE)