Audit 347822

Title: 3. PROGRAM INCOME Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of the National Center for Appropriate Technology, Inc. (NCAT), under programs of the federal government for the year ended September 30, 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 NCAT, it is not intended and does not present the financial position, change in net assets, or cash flows of NCAT. The Schedule has been prepared on the accrual basis of accounting which is the method of accounting used for the financial statements. Such expenditures are recognized following, as applicable, or the cost principles of Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: NCAT uses its negotiated indirect cost rate agreement and accordingly has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. Program income in the amount of $82,634 nets with related expenditures, therefore decreasing the amount of Appropriate Technology Transfer for Rural Areas (ATTRA) federal expenditures (AL #10.350). ATTRA expenditures reported on the Schedule consist of allowable program expenses, net of program income received.