Audit 358390

Title: Pass-through Entity Identifying Numbers Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Prairie Five Community Action Council, Inc. (the Council) under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of operations of the Council, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Council. Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200.516(a), Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2024, the Council did not elect to use the 10% de minimis indirect cost rate. Pass-through entity identifying numbers are presented where available.

Title: Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Prairie Five Community Action Council, Inc. (the Council) under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the schedule presents only a selected portion of operations of the Council, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Council. Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200.516(a), Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2024, the Council did not elect to use the 10% de minimis indirect cost rate. No federal expenditures presented in this schedule were provided to subrecipients.