Audit 352381

Title: Food Vouchers Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal award activity of Making Opportunity Count, Inc., under programs of the federal government for the year ended October 31, 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 Making Opportunity Count, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Making Opportunity Count, Inc. Summary of Significant Accounting Policies Expenditures reported on 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. De Minimis Rate Used: N Rate Explanation: Making Opportunity Count, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. The Massachusetts Department of Public Health administers the Special Supplemental Food Program for Women, Infants, and Children (“WIC”). For the year ended October 31, 2024, the value of food vouchers provided to WIC recipients was $2,906,572, and value of commodities provided by USDA was $23,910.