Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of OCHS under programs of the federal government for the year ended September 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 the operations of OCHS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of OCHS. There were no awards passed through to sub-recipients for the year ended September 30, 2022. OCHS did not receive any federal non-cash assistance for the year ended September 30, 2022. NOTE 2 - SUMMARY OF SIGNIFICANT 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 are limited as to reimbursement. NOTE 3 - CONTINGENCIES Expenditures incurred by OCHS are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures or services. Management believes that if audited, any adjustment for disallowed expenditures or services would be immaterial in amount. As of September 30, 2022, management is not aware of any material questioned or disallowed expenditures or services as a result of grant audits in process or completed.
De Minimis Rate Used: Both
Rate Explanation: NOTE 4 - INDIRECT COST RATE OCHS has not elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance for its Health Center program grant. OCHS did elect to use the 10% de minimus indirect cost rate for its Title X Family Planning Program grant.