Audit 38415

Accounting Policies: Basis of PresentationThe accompanying Schedules of Expenditures of Federal and State Awards (the Schedules) include the federal grant activity of Literacy Council of Tyler, Inc. (the Organization), and are presented on the accrual basis of accounting. The information in these Schedules 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. Therefore, some amounts presented in these Schedules may differ from amounts presented in, or used in the preparation of, the basic financial statements.The expenditures included in the Schedules are reported for the Organizations year end. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures represent funds which have been expended by the Organization for the purposes of the award. The expenditures may not have been reimbursed by the funding agencies as of the year end. Some amounts reported in the Schedules may differ from amounts used in the preparation of the general-purpose financial statements. Separate records are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The Organization has followed all applicable guidelines issued by various entities in the preparation of the Schedules.The Organization utilizes a cost allocation plan and, therefore, does not use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.