Audit 12411

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Postgraduate Center for Mental Health, Inc. (the “Organization”) under programs of the federal government for the year ended June 30, 2023. The information in this 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.

Title: Non-Cash Awards Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended June 30, 2023, the Organization did not receive any non-cash awards, mortgage, or loan funds that should be included in the federal expenditures presented in this Schedule.

Title: Amounts Not Included in the Schedule Accounting Policies: Expenditures reported on the Schedule are reported on the 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. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Due to reporting and regulatory requirements associated with the Department of Housing and Urban Development for Federal Assistance Listing Numbers 14.181 and 14.195, separate audited financial statements under the Uniform Guidance were issued for Postgraduate Center Residence, Inc.; Postgraduate Center Residence II of New York, Inc.; and Postgraduate Center West 98th Street Residence, Inc., all of which are subsidiaries of the Organization. Amounts not included in the above Schedule are as follows: Federal Assistance Total Listing Federal Number Expenditures Postgraduate Center Residence, Inc. 14.181 $342,962 Postgraduate Center Residence, Inc. 14.195 302,478 Postgraduate Center Residence II of New York, Inc. 14.181 1,057,473 Postgraduate Center Residence II of New York, Inc. 14.195 413,276 Postgraduate Center West 98th Street Residence, Inc. 14.181 1,889,124 $4,005,313