Audit 353280

Title: Basis of Presentation Accounting Policies: Accrual basis of accounting De Minimis Rate Used: N Rate Explanation: For the year ended June 30, 2024, the Organization has established indirect cost rates with the federal agencies associated with its respective grants and did not elect to use the 10% deminimus rate. These established rates range from 5% to 8%. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Las Vegas – Clark County Urban League (Organization) 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Organization. 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.

Title: Indirect Cost Rate Accounting Policies: Accrual basis of accounting De Minimis Rate Used: N Rate Explanation: For the year ended June 30, 2024, the Organization has established indirect cost rates with the federal agencies associated with its respective grants and did not elect to use the 10% deminimus rate. These established rates range from 5% to 8%. For the year ended June 30, 2024, the Organization has established indirect cost rates with the federal agencies associated with its respective grants and did not elect to use the 10% de minimus indirect cost rate. These established rates range from 5% to 8%.