Notes to SEFA
Title: ROCUREMENT PROVISIONS
Accounting Policies: The accompanying schedules of expenditures of federal and state awards include the federal and state grant activity of Houston Methodist (Methodist) and are presented on the cash basis of accounting.The information in these schedules is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), or the Texas Grant Management Standards (TxGMS).
De Minimis Rate Used: N
Rate Explanation: Methodist has negotiated an indirect cost rate with the federal government and, therefore, has not elected to use the 10% de minimis cost rate as covered in Uniform Guidance at 2 CFR 200.414, Indirect (F&A) costs.
Methodist has implemented the procurement standards under the Uniform Guidance at 2 CFR 200.