Notes to SEFA
Title: Note A. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: The auditee did use the de minimus cost rate for the COVID-19 Section 223 Demonstration Programs to Improve Community Mental Health Services. The auditee did not use the de minimis cost rate for the other grants.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of New Horizons Mental Health Services (the Organization) under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note B. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: The auditee did use the de minimus cost rate for the COVID-19 Section 223 Demonstration Programs to Improve Community Mental Health Services. The auditee did not use the de minimis cost rate for the other grants.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. The Organization elected to use the 10 percent de minimis indirect cost rate for the COVID-19 Section 223 Demonstration Programs to Improve Community Mental Health Services. The auditee did not use the de minimis cost rate for the other grants as allowed under the Uniform Guidance.