Audit 38979

Title: Matching Cost Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance programs administered by CNY Works, Inc. (the Organization), an entity as defined in the basic financial statements. The information in this schedule is presented on the accrual basis and in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Organization. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports for each program. The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance. Matching costs, i.e., the Organizations share of certain program costs, are not included in the reported expenditures.