Audit 354572

Title: GENERAL INFORMATION 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance De Minimis Rate Used: Y Rate Explanation: Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance and utilized an approved rate The accompanying schedule of expenditures of federal, state, and city awards (the "Schedule") presents the activities in all the federal, state, and city award programs of Gemma Services and Gemma Foundation for the year ended June 30, 2024. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations are included in the Schedule. 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 Gemma Services and Gemma Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Gemma Services and Gemma Foundation.

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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance De Minimis Rate Used: Y Rate Explanation: Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance and utilized an approved rate 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.

Title: INDIRECT COSTS 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance De Minimis Rate Used: Y Rate Explanation: Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance and utilized an approved rate Gemma Services and Gemma Foundation has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.

Title: SUBRECIPIENTS 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement. Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance De Minimis Rate Used: Y Rate Explanation: Gemma Services has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance and utilized an approved rate There were no payments to subrecipients for the year ended June 30 2024.