Notes to SEFA
Title: Relationship to Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activities of all federa awards programs of PryMed Medical Care, Inc. All federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies, are included in the schedule. The information in this schedule is presented in accordance with the requirements by The Uniform Guidance.The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of acconting, which is describred in Note 2 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: All cost included in SEFA are direct cost
Revenues and expenses of the federal awards programs are included in the Organization's financial statements. The reconciliation between the expenses in the fiancial statements and expenditures in the Schedule of Expenditures of Federal Awards is as follows: