Title: Note 1 – Reporting Entity
Accounting Policies: Basis of Accounting
For purposes of the Schedule of Expenditures of Federal Awards (“Schedule”), expenditures for federal programs are recognized on the accrual basis of accounting. Expenditures are determined using the cost accounting principles and procedures set, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in the Schedule may differ from amounts presented in or used in the presentation of MCHWC’s financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all federal financial assistance programs of MCHWC. Federal financial assistance received directly from federal agencies is included in the Schedule. The Schedule was prepared from only the accounts of federal grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of MCHWC.
Indirect Cost Rate
MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
De Minimis Rate Used: N
Rate Explanation: MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
Marin City Health and Wellness Center (‘MCHWC”), with its corporate offices located in Marin City, California, is a not-for-profit organization, incorporated in April 2006. MCHWC is licensed as a Federally Qualified Health Center (“FQHC”) and is dedicated to the improvement of the health status and overall quality of life for Marin City and Southern Marin residents. MCHWC develops and implements prevention strategies that reduce the presence and severity of disease by providing affordable and accessible health care services to residents of Marin City.
Title: Note 2 – Summary of Significant Accounting Policies
Accounting Policies: Basis of Accounting
For purposes of the Schedule of Expenditures of Federal Awards (“Schedule”), expenditures for federal programs are recognized on the accrual basis of accounting. Expenditures are determined using the cost accounting principles and procedures set, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in the Schedule may differ from amounts presented in or used in the presentation of MCHWC’s financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all federal financial assistance programs of MCHWC. Federal financial assistance received directly from federal agencies is included in the Schedule. The Schedule was prepared from only the accounts of federal grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of MCHWC.
Indirect Cost Rate
MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
De Minimis Rate Used: N
Rate Explanation: MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
Basis of Accounting
For purposes of the Schedule of Expenditures of Federal Awards (“Schedule”), expenditures for federal programs are recognized on the accrual basis of accounting. Expenditures are determined using the cost accounting principles and procedures set, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in the Schedule may differ from amounts presented in or used in the presentation of MCHWC’s financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all federal financial assistance programs of MCHWC. Federal financial assistance received directly from federal agencies is included in the Schedule. The Schedule was prepared from only the accounts of federal grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of MCHWC.
Indirect Cost Rate
MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
Title: Note 3 – Subrecipients
Accounting Policies: Basis of Accounting
For purposes of the Schedule of Expenditures of Federal Awards (“Schedule”), expenditures for federal programs are recognized on the accrual basis of accounting. Expenditures are determined using the cost accounting principles and procedures set, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in the Schedule may differ from amounts presented in or used in the presentation of MCHWC’s financial statements.
Schedule of Expenditures of Federal Awards
The accompanying Schedule presents the activity of all federal financial assistance programs of MCHWC. Federal financial assistance received directly from federal agencies is included in the Schedule. The Schedule was prepared from only the accounts of federal grant programs and, therefore, does not present the financial position, change in fund balance, or results of operations of MCHWC.
Indirect Cost Rate
MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
De Minimis Rate Used: N
Rate Explanation: MCHWC did not elect to use the 10-percent de minimis cost rate per 2 CFR 200.510(B)(6).
During the year ended June 30, 2022, MCHWC did not provide federal funds to subrecipients.