Audit 343092

Title: Note 1—Basis of presentation Accounting Policies: Basis of Accounting – Expenditures reported on the Schedule are reported on the accrual basis of accounting method. Under this basis, expenses are recognized when incurred. This method is consistent with the method used to prepare the basic consolidated financial statements. Cost Principles – The cost principles applicable to the expenditures on the Schedule include OMB Circular A-122, Cost Principles for Non-Profit Organizations, for grant awards made before December 26, 2014, or Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, for grant awards made after December 26, 2014. These principles identify certain types of expenditures that are not allowable or are limited as to the reimbursement. De Minimis Rate Used: N Rate Explanation: Indirect Cost Rate – Alliant has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal contract activity of Alliant Health Group, Inc. and Subsidiaries’ (collectively, “Alliant”) for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements 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 this Schedule presents only a selected portion of the operations of Alliant, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Alliant.