Notes to SEFA
Title: NOTE A-- BASIS OF PRESENTATION
Accounting Policies: NOTE B -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting as described inNote A to the financial statements. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards {the "Schedule") includes the federalaward activity of Mental Illness Recovery Center, Inc. {the "Center") under programs of the federalgovernment for the year ended December 31, 2022. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations {CFR} Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards {UniformGuidance). Because the Schedule presents only a select portion of the operations of the Center, it is notintended to and does not present the financial position, changes in net assets, or cash flows of theCenter.