Audit 349426

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Downtown Streets, 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 audit 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 Downtown Streets, Inc. , it is not intended to and does not present the financial position, changes in net assets, or cash flows of Downtown Streets, Inc. De Minimis Rate Used: Y Rate Explanation: Downtown Streets, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.