Audit 358928

Title: 2. Pass-Through Awards Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards (the Schedule) presents the activities in certain federal awards programs of the not-for-profit entities included in the consolidated financial statements of HELP USA, Inc. and Affiliates for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts in the Schedule may differ from amounts presented in, or used in the presentation of, the consolidated financial statements. 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: HELP USA, Inc. and Affiliates has not elected to use the 10% de minimis indirect cost rate for federal awards under Uniform Guidance. HELP USA, Inc. and Affiliates received certain federal grants in the form of pass-through awards from New York State and the cities of New York, Buffalo and Philadelphia. In some situations, the amounts received also include state and local funds. In those cases, the breakdown of funds between federal and other sources has been received from the grantors and applied in the Schedule.