Notes to SEFA
Title: Summary of Significant Accounting Policies:
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal awards activity of The Florida Association of Community Health Centers, Inc. under programs of the
federal government for the year ended March 31, 2023 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 The Florida Association of Community Health Centers, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Florida Association of Community Health Centers, Inc.
De Minimis Rate Used: N
Rate Explanation: The Florida Association of Community Health Centers, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
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 allowed or are limited as to reimbursement.
Title: Subrecipients:
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal awards activity of The Florida Association of Community Health Centers, Inc. under programs of the
federal government for the year ended March 31, 2023 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 The Florida Association of Community Health Centers, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Florida Association of Community Health Centers, Inc.
De Minimis Rate Used: N
Rate Explanation: The Florida Association of Community Health Centers, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under Uniform Guidance.
For the year ended March 31, 2023, there were no amounts passed through to subrecipients