Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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: Y
Rate Explanation: COMMUNITY HEALTH ALLIANCE AND SUBSIDIARIES HAS ELECTED TO USE THE 10% DE MINIMIS COST RATE ALLOWED UNDER UNIFORM GUIDANCE ON THE BLOCK GRANTS FOR PREVENTION AND TREATMENT OF SUBSTANTIVE ABUSE - SUICIDE GRANT PASSED THROUGH THE OHIOMHAS. DURING 2023, INDIRECT EXPENSES TOTALED $48,292.
THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF COMMUNITY HEALTH ALLIANCE AND SUBSIDIARIES FOR THE YEAR ENDED JUNE 30, 2023. 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). THEREFORE, SOME AMOUNTS PRESENTED ON THIS SCHEDULE MAY DIFFER FROM THOSE AMOUNTS PRESENTED IN, OR USED IN, THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS.
Title: FEDERAL LOAN
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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: Y
Rate Explanation: COMMUNITY HEALTH ALLIANCE AND SUBSIDIARIES HAS ELECTED TO USE THE 10% DE MINIMIS COST RATE ALLOWED UNDER UNIFORM GUIDANCE ON THE BLOCK GRANTS FOR PREVENTION AND TREATMENT OF SUBSTANTIVE ABUSE - SUICIDE GRANT PASSED THROUGH THE OHIOMHAS. DURING 2023, INDIRECT EXPENSES TOTALED $48,292.
THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 DIRECT LOAN IS ADMINISTERED DIRECTLY BY COMMUNITY HEALTH ALLIANCE AND SUBSIDIARIES, AND BALANCES AND TRANSACTIONS RELATING TO THIS PROGRAM ARE INCLUDED IN THE COMMUNITY HEALTH ALLIANCE AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS. THE LOAN OUTSTANDING AT THE BEGINNING OF THE YEAR IS INCLUDED IN THE FEDERAL EXPENDITURES PRESENTED IN THE SCHEDULE. THE BALANCE OF THE LOAN OUTSTANDING AS OF JUNE 30, 2023 WAS $67,794.