Audit 342988

Title: Loans Outstanding Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Advanced Technology International and its subsidiary (collectively, “ATI”) under programs of the federal government for the year ended September 30, 2024. 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 ATI, it is not intended to and does not present the financial position, changes in net assets, or cash flows of ATI. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting and are included within contract revenues in the consolidated statement of activities. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: ATI has elected not to use the 10­percent de minimis indirect cost rate allowed under the Uniform Guidance. ATI did not have any federal loan balances outstanding as of September 30, 2024.

Title: Contingencies Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Advanced Technology International and its subsidiary (collectively, “ATI”) under programs of the federal government for the year ended September 30, 2024. 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 ATI, it is not intended to and does not present the financial position, changes in net assets, or cash flows of ATI. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting and are included within contract revenues in the consolidated statement of activities. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: ATI has elected not to use the 10­percent de minimis indirect cost rate allowed under the Uniform Guidance. ATI’s federal programs are subject to financial and compliance audits by grantor agencies. Instances of material noncompliance may result in disallowed expenditures and affect ATI’s continued participation in specific programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although ATI expects such amounts, if any, to be immaterial.