Audit 351100

Title: 1. Basis of Presentation Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles, except that reported Federal expenditures include building improvements and loans issued under the loan program, which are capitalized as assets and liabilities, and not reported as expenses in the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The information included in this schedule is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations. Some amounts may differ from amounts presented in, or used in the preparation of, the basic financial statements. Reported Federal expenditures include only expenditures paid with Federal funds or reportable program income. Negative amounts reflected in the schedule represent adjustments or credits resulting from the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: District XI Human Resource Council, Inc. has a negotiated indirect cost rate of 11 percent for the year ended June 30, 2024. The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance of District XI Human Resource Council, Inc. for the year ended June 30, 2024, and does not include any federal awards reported by subsidiaries. Federal financial assistance received directly from federal agencies, as well as federal financial assistance passed through from other government agencies, is included in this schedule. 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 portion of the operations of District XI Human Resource Council, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of District XI Human Resource Council, Inc.

Title: 4. Subrecipients Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles, except that reported Federal expenditures include building improvements and loans issued under the loan program, which are capitalized as assets and liabilities, and not reported as expenses in the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The information included in this schedule is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations. Some amounts may differ from amounts presented in, or used in the preparation of, the basic financial statements. Reported Federal expenditures include only expenditures paid with Federal funds or reportable program income. Negative amounts reflected in the schedule represent adjustments or credits resulting from the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: District XI Human Resource Council, Inc. has a negotiated indirect cost rate of 11 percent for the year ended June 30, 2024. District XI Human Resource Council, Inc. provided awards to subrecipients totaling $44,152 for the year ended June 30, 2024.