Audit 347110

Title: Operations Accounting Policies: Operations DREAAM Opportunity Center administers various education and intervention programs for youth. Some programs receive federal funding, either directly from federal agencies or indirectly from flow-through entities. The Schedule of Expenditures of Federal Awards includes all federal funds expended by DREAAM Opportunity Center and denotes the flow-through agency which is the source of those funds. Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DREAAM Opportunity Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR 200.510(b) of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements. DREAAM Opportunity Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Amounts Provided to Sub-Recipients DREAAM Opportunity Center does not provide federal funds to sub-recipients. De Minimis Rate Used: N Rate Explanation: Direct method outlined in the grant application and budget. DREAAM Opportunity Center administers various education and intervention programs for youth. Some programs receive federal funding, either directly from federal agencies or indirectly from flow-through entities. The Schedule of Expenditures of Federal Awards includes all federal funds expended by DREAAM Opportunity Center and denotes the flow-through agency which is the source of those funds.

Title: Basis of Presentation Accounting Policies: Operations DREAAM Opportunity Center administers various education and intervention programs for youth. Some programs receive federal funding, either directly from federal agencies or indirectly from flow-through entities. The Schedule of Expenditures of Federal Awards includes all federal funds expended by DREAAM Opportunity Center and denotes the flow-through agency which is the source of those funds. Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DREAAM Opportunity Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR 200.510(b) of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements. DREAAM Opportunity Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Amounts Provided to Sub-Recipients DREAAM Opportunity Center does not provide federal funds to sub-recipients. De Minimis Rate Used: N Rate Explanation: Direct method outlined in the grant application and budget. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DREAAM Opportunity Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR 200.510(b) of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements. DREAAM Opportunity Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

Title: Amounts provided to sub-recipients Accounting Policies: Operations DREAAM Opportunity Center administers various education and intervention programs for youth. Some programs receive federal funding, either directly from federal agencies or indirectly from flow-through entities. The Schedule of Expenditures of Federal Awards includes all federal funds expended by DREAAM Opportunity Center and denotes the flow-through agency which is the source of those funds. Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DREAAM Opportunity Center and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR 200.510(b) of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements. DREAAM Opportunity Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Amounts Provided to Sub-Recipients DREAAM Opportunity Center does not provide federal funds to sub-recipients. De Minimis Rate Used: N Rate Explanation: Direct method outlined in the grant application and budget. DREAAM Opportunity Center does not provide federal funds to sub-recipients.