Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and State grant activity of Health Education Foundation of Eastern North Carolina, Inc. under the programs of the federal government and the State of North Carolina for the year ended June 30, 2022. This information in this schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Requirements (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Health Education Foundation of Eastern North Carolina, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Health Education Foundation of Eastern North Carolina, Inc.Expenditures reported in the Schedule of Expenditures of Federal and State Awards are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.