Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: (1) Basis of Presentation:The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federalawards activity of The Florida Association of Community Health Centers, Inc. under programs of thefederal government for the year ended March 31, 2022 in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of The Florida Association of Community Health Centers, Inc., it is notintended to and does not present the financial position, changes in net assets, or cash flows of The FloridaAssociation of Community Health Centers, Inc.
De Minimis Rate Used: N
Rate Explanation: (3) De Minimis Indirect Cost Rate Election:The Florida Association of Community Health Centers, Inc. has elected not to use the 10 percent deminimis indirect cost rate as allowed under Uniform Guidance.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowed or are limited as to reimbursement.
Title: Subrecipients
Accounting Policies: (1) Basis of Presentation:The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federalawards activity of The Florida Association of Community Health Centers, Inc. under programs of thefederal government for the year ended March 31, 2022 in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of The Florida Association of Community Health Centers, Inc., it is notintended to and does not present the financial position, changes in net assets, or cash flows of The FloridaAssociation of Community Health Centers, Inc.
De Minimis Rate Used: N
Rate Explanation: (3) De Minimis Indirect Cost Rate Election:The Florida Association of Community Health Centers, Inc. has elected not to use the 10 percent deminimis indirect cost rate as allowed under Uniform Guidance.
For the year ended March 31, 2022, there were no amounts passed through to subrecipients.