Audit 320652

Title: Note 1 - Organization Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Use of Estimates - The preparation of the Schedule in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Schedule and accompanying notes. Actual results could differ from those estimates. Contingencies - Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an audit, certain expenses incurred are determined to not be reimbursable, Apprenti may be liable for repayment of disallowed expenses previously claimed or received. Subsequent Events - Apprenti has evaluated subsequent events through September 4, 2024, the date on which the Schedule was available to be issued. De Minimis Rate Used: Y Rate Explanation: Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Washington Technology Industry Association Workforce Institute (WTIA Workforce Institute (Apprenti)) is a not-for-profit organization operating under the name Apprenti, created in 2015 to offer apprenticeship programs and create diverse, homegrown talent. Apprenti works to recruit, train, and place apprentices with companies who provide on-the-job, paid experiential learning. The organization strives to build the best possible homegrown candidate pool emphasizing diversity with groups currently underrepresented in the tech sector. Apprenti Training Trust is a subsidiary organization of Apprenti created to facilitate required supplemental instruction in service of registered apprenticeship and compensate tech apprentices who work at select Apprenti Contract hiring partners. These partners are prepared to engage in apprenticeship but have operational limitations and internal barriers to direct hiring of apprentices.

Title: Note 2 - Basis of Presentation Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Use of Estimates - The preparation of the Schedule in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Schedule and accompanying notes. Actual results could differ from those estimates. Contingencies - Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an audit, certain expenses incurred are determined to not be reimbursable, Apprenti may be liable for repayment of disallowed expenses previously claimed or received. Subsequent Events - Apprenti has evaluated subsequent events through September 4, 2024, the date on which the Schedule was available to be issued. De Minimis Rate Used: Y Rate Explanation: Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Apprenti 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 Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Apprenti it is not intended to and does not present the financial position, changes in net assets or cash flows of Apprenti.

Title: Note 3 - Summary of Significant Accounting Policies Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Use of Estimates - The preparation of the Schedule in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Schedule and accompanying notes. Actual results could differ from those estimates. Contingencies - Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an audit, certain expenses incurred are determined to not be reimbursable, Apprenti may be liable for repayment of disallowed expenses previously claimed or received. Subsequent Events - Apprenti has evaluated subsequent events through September 4, 2024, the date on which the Schedule was available to be issued. De Minimis Rate Used: Y Rate Explanation: Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rates - Apprenti has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Use of Estimates - The preparation of the Schedule in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Schedule and accompanying notes. Actual results could differ from those estimates. Contingencies - Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an audit, certain expenses incurred are determined to not be reimbursable, Apprenti may be liable for repayment of disallowed expenses previously claimed or received. Subsequent Events - Apprenti has evaluated subsequent events through September 4, 2024, the date on which the Schedule was available to be issued.