Notes to SEFA
Title: GENERAL
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting and in accordance with accounting principles general accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Metro Community Health Centers, Inc. has elected not 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) summarizes all federal award activity of Metro Community Health Centers, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented 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 Metro Community Health Centers, Inc.’s operations, it is not intended to, and does not, present the financial position, change in net assets, or cash flows of Metro Community Health Centers, Inc.
Title: BASIS OF ACCOUNTING
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting and in accordance with accounting principles general accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Metro Community Health Centers, Inc. has elected not 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 and in accordance with accounting principles general accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting and in accordance with accounting principles general accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Metro Community Health Centers, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Metro Community Health Centers, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: PROVIDER RELIEF FUNDS (PRF)
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting and in accordance with accounting principles general accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Metro Community Health Centers, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The amount included in the schedule of expenditures of federal awards is based upon the year Metro Community Health Centers, Inc. was required to report on the use of those funds. Amounts reported on the Schedule for the year ended June 30, 2022 amounted to $161,727.