Audit 294672

Title: NOTE 1 – 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: N Rate Explanation: The Agency has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal awards activity of The Bridge, Inc. and Weston United Community Renewal, Inc. (the “Agency”) for the year ended June 30, 2023. The information in the 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency. Expenditures of federal awards reported by certain affiliates of the Agency are not included in the accompanying Schedule. The expenditures of federal awards for 323 Houston Street Corporation, 13 West 103rd Street Corporation, 118 East 111th Street Corporation, Sheridan Hill House Corporation, 1347 Morris Avenue Corporation and Bridge House #11 Corporation, are not included in the Schedule. Each of the previously mentioned affiliates issued separate financial statements and separate schedules of expenditures of federal awards.