Audit 340909

Title: CONTINGENCIES Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of AID Atlanta, Inc. under programs for the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) 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 AID Atlanta, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of AID Atlanta, Inc. 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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: AID Atlanta, Inc. did not elect to use the 10% de minimis cost rate allowed under the Uniform Guidance. These federal programs are subject to financial and compliance audits by granter agencies which, if instances of material noncompliance are found, may result in disallowed expenditures and affect the Organization's continued participation in specific programs. The amount, if any, of expenditures which may be disallowed by the granter agencies cannot be determined at this time, although the Organization expects such amounts, if any, to be immaterial.