Notes to SEFA
Title: Note A – Basis of Presentation
Accounting Policies: See following form for details.
De Minimis Rate Used: N
Rate Explanation: All costs are directly allocated.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Tug River Health Association, Inc. under programs of the federal government for the year ended January 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 US 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 Tug River Health Association, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Tug River Health Association, Inc.
Title: Note B – Summary of Significant Accounting Policies
Accounting Policies: See following form for details.
De Minimis Rate Used: N
Rate Explanation: All costs are directly allocated.
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.