Notes to SEFA
Accounting Policies: Florida Community Health Centers, Inc. and SubsidiariesNotes to Schedule of Expenditures of Federal Awards For the year ended March 31, 2022Note A Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Florida Community Health Centers, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.Note B De Minimis Indirect Cost RateFCHC has not elected to use the 10% de Minimis indirect cost rate.Note C ContingencyAmounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of FCHC for the return of those funds.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.