Audit 4344

Title: Assistance Listing Numbers Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Jobs for Arizona’s Graduates, Inc. (JAG) under programs of the federal government for the year  ended  June  30,  2023.  The  information  in  the  Schedule  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  (Uniform  Guidance). Because the Schedule presents only a selected portion of the operations of JAG, it is not intended to and does not present the financial position, changes in net position or cash flows of JAG. Expenditures reported on the Schedule are reported on the modified 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. Any negative  amounts  shown  on  the  Schedule  represent  adjustments  or  credits  made  in  the  normal  course of business to amounts reported as expenditures in prior years. Pass‐through entity identifying numbers are presented where available. De Minimis Rate Used: Both Rate Explanation: The auditee did not use the de minimis indirect cost rate except for one grant. The direct cost allocation method was used except the State Administrative Matching Grants for the Supplemental Nutrition Assistance Program, for which the agency requested us to use the de minimus rate. The program titles and Assistance Listing numbers were obtained from the federal or pass‐through grantor or through sam.gov. If the three‐digit Assistance Listing extension is unknown, there is a U followed by a two‐digit number in the Assistance Listing extension to identify one or more Federal award lines from that program. The first Federal program with an unknown three‐digit extension is indicated with U01 for all award lines associated with that program, the second is U02, etc.