Audit 24737

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in OMB Circular A-122, CostPrinciples for Non-Profit Organizations, wherein certain types of expenditures are not allowable orare limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards (the Schedule) reports the costs of federalaward activity on the accrual basis of accounting. The Schedule includes the federal award activity of One-Eighty Place for the year ended June 30, 2022.The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of One-Eighty Place under programs of the federal government for the year ended June 30, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operationsof One-Eighty Place, it is not intended to and does not present the financial position, changes in net assets, orcash flows of One-Eighty Place.