Audit 343983

Title: Note 1: Basis of Presentation Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Opportunity Resource Services, Inc. uses the agency determined project indirect cost rate and therefore, does not use the 10% de minimis cost rate as permitted by the Uniform Guidance, section 200.414. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Opportunity Resource Services, Inc. under programs of the federal government for the fiscal year ended August 31, 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 Opportunity Resource Services, Inc., it is not intended to and does not present the financial position or changes in net assets of Opportunity Resource Services, Inc.