Audit 351047

Title: Basis of Presentation Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Vocational Education and Extension Board of the County of Nassau, New York ("VEEB") 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 VEEB, it is not intended to and does not present the financial position, changes in net deficit, or cash flows of VEEB.

Title: Summary of Significant Accounting Policies Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures reported in the Schedule are reported on the 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.

Title: Summary of Significant Accounting Policies Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Title: Summary of Significant Accounting Policies Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Pass-through entity identifying numbers are presented where available.

Title: Summary of Significant Accounting Policies Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures.

Title: Summary of Significant Accounting Policies Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system.

Title: Summary of Significant Accounting Policies Accounting Policies: a. Expenditures reported in the Schedule are reported on the 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. b. VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. c. Pass-through entity identifying numbers are presented where available. d. Matching costs (i.e., VEEB's share of certain program costs) are not included in the reported expenditures. e. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained tor each program, which are reconciled with VEEB's financial reporting system. f. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB. See De Minimis Rate Used: N Rate Explanation: VEEB has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Federal grants received by VEEB are subject to audit and adjustment. If any expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor agencies could make claims tor reimbursement, which would become a liability of VEEB.