Opening of Bids - River Glen Office Building Demolition Proj No 126-030 - Green Demolition Contractors

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Basis for Qualified Conclusion Accounting principles generally accepted in the United States of America require certain disclosures for employers that participate in multi - employer pension plans. Although the Company does participate in multi - employer pension plans, management has informed us that they believe it is impracticable to develop the information. Management has not determined the effects of this departure from accounting principles generally accepted in the United States of America on financial position, results of operations, and cash flows. Accounting principles generally accepted in the United States of America require the Company to record leases in accordance with requirements primarily codified in EMS Accounting Standards Codification section 842 which generally require that all leases are classified as either an operating or financing type lease and that a right of use asset and lease liability is recorded on the balance sheet. Management has not applied this principle of lease classification and, therefore, information about the nature, amount, timing, and uncertainty of leases, right -of -use assets and lease liabilities, and cash flows arising from leases may be misstated. The effects of this departure from accounting principles generally accepted in the United States of America on financial position, results of operations, and cash flows have not been determined. Qualified Conclusion Based on our review, except for the effect of the matters described in the Basis for Qualified Conclusion paragraphs, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America. SHMlementa X Information The supplementary information included in the Schedules of Prime Costs, General and Administrative Expenses, and Contracts in Process is presented for the purpose of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from, and relates directly to, the underlying accounting and other records used to prepare the financial statements. The supplementary information has been subjected to the review procedures applied in our review of the basic financial statements. We are not aware of any material modifications that should be made to the supplementary information. We have not audited the supplementary information and do not express an opinion on such information. V tf TS & CCXPANY Corti ied Public Accoun is Michigan City, Indiana March 24, 2025 2. APPLEGATE. & COMPANY, PC «' C`rrli%iavll'i�hlir.=1cz»�nt1��t1.+