Audit 322059

Title: ADDITIONAL FEDERAL GRANT/EXPENDITURES INFORMATION Accounting Policies: A. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mahoning-Youngstown Community Action Partnership, Inc. 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 (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 MYCAP, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Mahoning-Youngstown Community Action Partnership, Inc. B. The schedule was prepared using the accrual basis of accounting. The expenditures in the schedule are recognized by following the cost principles that are contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited in reimbursement. De Minimis Rate Used: N Rate Explanation: MYCAP did not elect to use the 10 percent de minimis indirect cost rate. N/A – indicates no pass-through number assigned by the grantor.