Audit 49548

Title: Subrecipients Accounting Policies: The schedule of expenditures of federal awards presents the activity of all federal award programs of Wyoming Services for Independent Living. All federal financial awards received directly from federal agencies as well as federal financial awards passed through from other governmental agencies are included in the schedule. The schedule of expenditures of federal awards (SEFA) is prepared on the same basis of accounting as used in preparation of the financial statements, as described in Note 1 to the Organizations financial statements. The information in this schedule is presented 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). Cost-reimbursement grants are recognized as revenue when the qualifying expenditures havebeen incurred and all other grant requirements have been met. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. No funds have been passed on to sub-recipients.