--Apple-Mail=_7D8B34C8-A53F-4DB7-AE53-2F6CF0DB3442 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 Hi Eve, Sorry I sent your question to our account manager but did not receive a = response. I just followed up with him and should have an answer for you = shortly. Thanks! Meighen > On Sep 4, 2025, at 5:01=E2=80=AFPM, eve.malishevski@thekey.com wrote: >=20 > Hi team, > =20 > Thank you for your continued support! > We are reaching out in hopes that you can help us understand how the = overhead amount was calculated. Based on the support provided, we are = not arriving at the same result: > =20 > Total Costs for Claim #1 > $20,887.01 > OH Percentage > 15% > OH Amount (Calculated) > $ 3,133.05 > OH Portion per Tim / Ops > $ 4,856.23 > Difference > $ (1,723.18) > =20 > For quick reference, please see highlighting legend below: > =20 > Per claim submission excel file, first screenshot below > Amount provided by Tim/Ops, second screenshot below > Amount calculated by Accounting based on assumptions provided =E2=80=93 = total labor costs submitted for claim x program approved percentage of = overhead. > Difference figure is calculated by subtracting overhead provided by = Tim from overhead figure calculated by Accounting based on support = provided. > =20 > If at all possible, we need to make sure the amount received as = government grant award is fully supported by claim paperwork for audit = purposes. > =20 > > =20 > > =20 > Let us know if you would like to schedule a quick call to go over this = in more detail. > =20 > Kind regards, > Eve Malishevski > Assistant Manager, Audit & Financial Reporting | TheKey > Mobile: 305.528.8471 > =20 > > =20 > From: Meighen Fitzpatrick >=20 > Sent: Thursday, August 28, 2025 2:04 PM > To: eve.malishevski@thekey.com > Cc: Wethned Mertilien >; Timothy Thomas >; sara.stuhlsatz@thekey.com = > Subject: Re: envisAGE Project - Accounting Treatment > =20 > Hi Eve, > =20 > The overhead is calculated as a portion of the total costs submitted = in the claim. We did not need to provide additional supporting = documentation to receive this. > =20 > Thanks > Meighen >=20 >=20 >> On Aug 28, 2025, at 1:48=E2=80=AFPM, eve.malishevski@thekey.com = wrote: >> =20 >> Good afternoon, Meighen. >> =20 >> We are reaching out to follow up regarding the government grant = payment received in July that was covered by claim submission #1 as we = are working on making sure it=E2=80=99s recorded correctly in the = accounting system. Unfortunately, we could not locate a schedule for the = overhead amount of $4,856.23. We can see overhead mentioned in Claim = Appendix but there is no supporting detail that would tie to $4,856.23 = in the attached archive. Can you please double check on your end when = you get a chance? >> =20 >> Below is the explanation we received from Tim regarding the total = amount received, and we can confirm amounts highlighted in green with = the attached support. However, we are still missi