Audit 352033

Title: Pass-through to Sub-recipients Accounting Policies: Basis of Presentation The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”) includes the federal award activity of Five Acres - The Boys’ and Girls’ Aid Society of Los Angeles County (“Five Acres”), under the programs of the federal government, state, and local agencies, for the year ended June 30, 2024. The Schedule is presented in accordance with 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 operations of Five Acres, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Five Acres. De Minimis Rate Used: N Rate Explanation: 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 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement. Five Acres has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Five Acres did not provide any federal awards to sub-recipients.

Title: Other Information Accounting Policies: Basis of Presentation The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”) includes the federal award activity of Five Acres - The Boys’ and Girls’ Aid Society of Los Angeles County (“Five Acres”), under the programs of the federal government, state, and local agencies, for the year ended June 30, 2024. The Schedule is presented in accordance with 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 operations of Five Acres, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Five Acres. De Minimis Rate Used: N Rate Explanation: 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 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement. Five Acres has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Five Acres did not receive federal insurance, loans, or non-cash assistance during the year ended June 30, 2024.