This is a multipart message in MIME format. ------=_NextPart_000_00CA_01DC1DBD.9D68AE60 Content-Type: multipart/related; boundary="----=_NextPart_001_00CB_01DC1DBD.9D68AE60" ------=_NextPart_001_00CB_01DC1DBD.9D68AE60 Content-Type: multipart/alternative; boundary="----=_NextPart_002_00CC_01DC1DBD.9D68AE60" ------=_NextPart_002_00CC_01DC1DBD.9D68AE60 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable 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 =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 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 missing supporting documentation = for the overhead amount: =20 =20 - TheKey claimed $20,887