Audit 86265

Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of LasVegas Clark County Urban League (Organization) under programs of the federal government for the year ended June30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of theOrganization, it is not intended to and does not present the financial position, changes in net assets, or cash flows ofOrganization.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowableor are limited as to reimbursement.Indirect Cost RateFor the year ended June 30, 2022, the Organization has established indirect cost rates with the federal agencies associatedwith its respective grants. These rates range from 5 to 7.9%. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.