Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Lincoln under programs of the federal government for the year ended June
30, 2024. The 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 Lincoln, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Lincoln.
De Minimis Rate Used: N
Rate Explanation: Lincoln did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Lincoln under programs of the federal government for the year ended June
30, 2024. The 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 Lincoln, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Lincoln.
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Lincoln under programs of the federal government for the year ended June
30, 2024. The 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 Lincoln, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Lincoln.
De Minimis Rate Used: N
Rate Explanation: Lincoln did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Lincoln did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Lincoln under programs of the federal government for the year ended June
30, 2024. The 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 Lincoln, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Lincoln.
De Minimis Rate Used: N
Rate Explanation: Lincoln did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Lincoln did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Lincoln under programs of the federal government for the year ended June
30, 2024. The 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 Lincoln, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Lincoln.
De Minimis Rate Used: N
Rate Explanation: Lincoln did not elect to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Lincoln did not receive federal insurance, loans, or non-cash assistance during the year ended June
30, 2024.