Audit 365727

Title: SUMMARY OF CERTAIN SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by Cornell Cooperative Extension of Albany County, which is described in Note 1 to the Organization’s general purpose financial statements, using the accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Cornell Cooperative Extension of Albany County currently does not have an eligible grant that would allow the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In the future if a grant provides the option to select this rate, the Organization will decide to elect or not to elect. The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by Cornell Cooperative Extension of Albany County, which is described in Note 1 to the Organization’s general purpose financial statements, using the accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of the Uniform Guidance.

Title: SCOPE OF THE AUDIT PURSUANT TO THE UNIFORM GUIDANCE Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by Cornell Cooperative Extension of Albany County, which is described in Note 1 to the Organization’s general purpose financial statements, using the accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Cornell Cooperative Extension of Albany County currently does not have an eligible grant that would allow the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In the future if a grant provides the option to select this rate, the Organization will decide to elect or not to elect. Cornell Cooperative Extension of Albany County is a tax-exempt organization. All federal grant operations of the Organization are included in the scope of the Single Audit.

Title: SUBRECIPIENTS/LOAN OR LOAN GUARANTEES Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by Cornell Cooperative Extension of Albany County, which is described in Note 1 to the Organization’s general purpose financial statements, using the accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Cornell Cooperative Extension of Albany County currently does not have an eligible grant that would allow the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In the future if a grant provides the option to select this rate, the Organization will decide to elect or not to elect. No amounts were provided to subrecipients and there were no loans or loan guarantees at December 31, 2024.

Title: INDIRECT COST RATE Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by Cornell Cooperative Extension of Albany County, which is described in Note 1 to the Organization’s general purpose financial statements, using the accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Cornell Cooperative Extension of Albany County currently does not have an eligible grant that would allow the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In the future if a grant provides the option to select this rate, the Organization will decide to elect or not to elect. Cornell Cooperative Extension of Albany County currently does not have an eligible grant that would allow the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In the future if a grant provides the option to select this rate, the Organization will decide to elect or not to elect.