Audit 50469

Accounting Policies: NOTE A- BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of Mahoning and Columbiana Training Association (the Governments) under programs of thefederal government for the year ended June 30, 2022. The information on this Schedule is prepared inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the Government, itis not intended to and does not present the financial position, changes in net position, or cash flows of theGovernment.NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.The Government has elected not to use the 10-percent de minimis indirect cost rate as allowed under theUniform Guidance.NOTE C - SUBRECIPIENTSThe Government passes certain federal awards received from Ohio Department of Job and Family Servicesto other governments or not-for-profit agencies (subrecipients). As Note B describes, the Governmentreports expenditures of Federal awards to subrecipients when accrued.As a subrecipient, the Government has certain compliance responsibilities, such as monitoring itssubrecipients to help assure they use these subawards as authorized by laws, regulations, and the provisionsof contracts or grant agreements, and that subrecipients achieve the awards performance goals. TheGovernment did not provide funds to subrecipients during the audit period. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.