Audit 319938

Title: Reconciliation to Statement of Activities Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Danya Institute, Inc. (the Organization) under programs of the federal government for the year ended December 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 Organization it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 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 are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has a negotiated indirect cost rate. Program expenditures presented on the Statement of Activities does not agree with the Schedule of Expenditures of Federal Awards as follows: Workforce Development Programs: Reimbursed Indirect Costs and Total Reconciling Adjustment - $142,003.