Audit 369164

FY End
2024-12-31
Total Expended
$4.78M
Findings
0
Programs
9
Year: 2024 Accepted: 2025-09-30

Organization Exclusion Status:

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Contacts

Name Title Type
FRUHKFJYXW23 Michael Cade Auditee
3604646085 Maria Ichiyama Auditor
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Notes to SEFA

The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Thurston County Economic Development Council and Thurston Economic Development Council Center for Business & Innovation under programs of the federal government for the year ended December 31, 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"). Because the Schedule presents only a select portion of the operations of Thurston County Economic Development Council and Thurston Economic Development Council Center for Business & Innovation, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of Thurston County Economic Development Council and Thurston Economic Development Council Center for Business & Innovation
1) 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. 2) Thurston County Economic Development Council and Thurston Economic Development Council Center for Business & Innovation has elected not to use the ten percent de minimis rate as allowed under the Uniform Guidance.
Thurston County Economic Development Council passed through federal awards under Assistance Listing Number ("ALN") 12.002 and 10.175 to the following sub recipients: AM22LFPPWA1132-000 Southwest Washington Growers Cooperative $ 138,865 Empower Next Generations 8,000 Northwest Agriculture Business Center 10,423 Washington State University 9,218 $ 166,506 W56KGU-23-2-0026 and W56KGU-21-2-0052 Columbia River Economic Development Council $ 133,412 Economic Alliance Snohomish County 179,637 Greater Spokane Incorporated 116,282 Green River College 326,578 Kitsap Economic Development Alliance 153,213 Tri City Regional Chamber of Commerce 107,991 $ 1,017,113