Audit 349377

Title: NOTE 1 - BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Employ Prince George's, Inc. has elected to use the 10 percent de minimis indirect rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Employ Prince George's, Inc. under programs of the federal government for the year ended June 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 Employ Prince George's, Inc., it is not intended to and does not present the financial position and changes in net position of Employ Prince George's, Inc.

Title: NOTE 4 - PROGRAM CLUSTERS Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Employ Prince George's, Inc. has elected to use the 10 percent de minimis indirect rate as allowed under the Uniform Guidance. The following programs in the accompanying schedule of expenditures of federal awards are considered to be a cluster of programs in accordance with the Uniform Guidance for purposes of determining current year major programs. The Workforce Investment Opportunity Act (WIOA) program cluster includes the WIOA Adult Program ALN No. 17.258, the WIOA Youth Activities ALN No. 17.259, WIOA Dislocated Worker Formula Grants ALN No. 17.278 and the COVID- Workforce Innovation and Opportunity Act ALN No. 17.277.