Audit 6875

Title: NOTE 1 – SCOPE OF AUDIT PURSUANT TO THE OMB COMPLIANCE SUPPLEMENT Accounting Policies: NOTE 1 – SCOPE OF AUDIT PURSUANT TO THE OMB COMPLIANCE SUPPLEMENT, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – SUBRECIPIENTS, NOTE 4 – INDIRECT COST RATE De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the 10% de minimis indirect cost rate. All Federal grant operations of Pasco-Hernando Workforce Board, Inc. (the “Organization”) are included in the scope of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) audit (the “Single Audit”). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement in Appendix XI of the Uniform Guidance (revised May 2023, the "Compliance Supplement"). Compliance testing of allrequirements, as described in the Compliance Supplement, was performed for the grant programs noted in the Schedule of Findings and Questioned Costs – Federal Programs. These programs represent Federal award Type A and Type B programs for fiscal year 2023 with cash and noncash expenditures that ensure coverage of at least 20 percent of federally granted funds.

Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: NOTE 1 – SCOPE OF AUDIT PURSUANT TO THE OMB COMPLIANCE SUPPLEMENT, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – SUBRECIPIENTS, NOTE 4 – INDIRECT COST RATE De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the 10% de minimis indirect cost rate. The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance includes all federal and state grants to the Organization that had activity during the fiscal year ended June 30, 2023. The basis of accounting is described in Note 2 to the Organization's financial statements.

Title: NOTE 3 – SUBRECIPIENTS Accounting Policies: NOTE 1 – SCOPE OF AUDIT PURSUANT TO THE OMB COMPLIANCE SUPPLEMENT, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – SUBRECIPIENTS, NOTE 4 – INDIRECT COST RATE De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the 10% de minimis indirect cost rate. The Organization provided federal awards and state financial assistance to subrecipients as follows during the fiscal year ended June 30, 2023:

Title: NOTE 4 – INDIRECT COST RATE Accounting Policies: NOTE 1 – SCOPE OF AUDIT PURSUANT TO THE OMB COMPLIANCE SUPPLEMENT, NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, NOTE 3 – SUBRECIPIENTS, NOTE 4 – INDIRECT COST RATE De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the 10% de minimis indirect cost rate. The Organization did not elect to use the 10% de minimis indirect cost rate.