Notes to SEFA
Title: General
Accounting Policies: General, Basis of Accounting, and Indirect Cost Rate
De Minimis Rate Used: Y
Rate Explanation: The Company has elected to use the 10% de minimis indirect cost rate as allowed under the uniform guidance
The accompanying schedule of expenditures of federal awards (the “Schedule”) presentsthe activity of all federal programs of Douglas Gardens Community Mental Health Centerof Miami Beach, Inc. and Subsidiary (collectively, the “Company”) for the year endedJune 30, 2023. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations, Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of the Company, it is not intended to and does not represent the financialposition, changes in net assets, or cash flows of the Company.
Title: Basis of Accounting
Accounting Policies: General, Basis of Accounting, and Indirect Cost Rate
De Minimis Rate Used: Y
Rate Explanation: The Company has elected to use the 10% de minimis indirect cost rate as allowed under the uniform guidance
Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: General, Basis of Accounting, and Indirect Cost Rate
De Minimis Rate Used: Y
Rate Explanation: The Company has elected to use the 10% de minimis indirect cost rate as allowed under the uniform guidance
The Company has elected to use the 10% de minimis indirect cost rate as allowed underthe Uniform Guidance.