Audit 321208

Title: BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance programs administered by Cornell Cooperative Extension Association of Erie County (the Association). Federal awards that are included in this schedule may be received from federal agencies, as well as federal awards that are passed through from other agencies. The information in this schedule is presented on the accrual basis of accounting in accordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Association, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Association. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports for each program. The Association has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance programs administered by Cornell Cooperative Extension Association of Erie County (the Association). Federal awards that are included in this schedule may be received from federal agencies, as well as federal awards that are passed through from other agencies. The information in this schedule is presented on the accrual basis of accounting in accordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Association, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Association.

Title: EXPENDITURES OF FEDERAL AWARDS Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance programs administered by Cornell Cooperative Extension Association of Erie County (the Association). Federal awards that are included in this schedule may be received from federal agencies, as well as federal awards that are passed through from other agencies. The information in this schedule is presented on the accrual basis of accounting in accordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Association, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Association. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports for each program. The Association has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The amounts reported as expenditures of federal awards were obtained from the accounting records utilized to record activity for the applicable program and periods. These accounting records are periodically reconciled to the appropriate federal financial reports for each program. The federal expenditures are recorded on an accrual basis, in accordance with accounting principles generally accepted in the United States of America.

Title: INDIRECT COSTS Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance programs administered by Cornell Cooperative Extension Association of Erie County (the Association). Federal awards that are included in this schedule may be received from federal agencies, as well as federal awards that are passed through from other agencies. The information in this schedule is presented on the accrual basis of accounting in accordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Association, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Association. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports for each program. The Association has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports for each program. The Association has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.