Audit 352537

Title: BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: One-Eighty Place has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of One-Eighty Place under programs of the federal government 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 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 One-Eighty Place, it is not intended to and does not present the financial position, changes in net assets, or cash flows of One-Eighty Place. Basis of Accounting The accompanying schedule of expenditures of federal awards (the “Schedule”) reports the costs of federal award activity on the accrual basis of accounting. The Schedule includes the federal award activity of One- Eighty Place for the year ended June 30, 2024.