Audit 364342

Title: OTHER DISCLOSURES Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of the Organization under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of the 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 the Organization it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 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 230, Cost Principles for Nonprofit Organizations, wherein certain types of expenditures are not allowable, or are limited as to reimbursement. Matching costs (the Organization's share of certain program costs) are not included in the reported expenditures. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds is covered by the Organization’s casualty insurance policies. There were no loans or loan guarantees outstanding at year-end.