Audit 323200

Title: NOTE 1 - BASIS OF PRESENTATION Accounting Policies: Basis of Accounting 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 grant agreements the organization has signed contain specified dollar amounts or percentages of allowable indirect costs. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Global Implementation Solutions under programs of the federal government for the year ended December 31, 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operation of Global Implementation Solutions, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Global Implementation Solutions.

Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Basis of Accounting 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 grant agreements the organization has signed contain specified dollar amounts or percentages of allowable indirect costs. Basis of Accounting 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. Assistance Listing Numbers Pass-through and partial pass-through awards have been presented by passthrough entity, assistance listing number, sponsor’s award number, when available or by GIS’ assigned identifier. When assistance listing numbers are not available, the Federal awards have been presented by agency number and the suffix “unknown” for the federal identification number. When the federal agency and the federal identification number are not available, “99.unknown” is used. Indirect Costs Global Implementation Solutions has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The grant agreements the organization has signed contain specified dollar amounts or percentages of allowable indirect costs.