Title: Summary of Significant Accounting Principles
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Anchorage Neighborhood Health Center, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. 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 Anchorage Neighborhood Health Center, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Anchorage Neighborhood Health Center, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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. Negative amounts shown on the Schedule, if any, represents adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Federal Loan Program
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Anchorage Neighborhood Health Center, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. 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 Anchorage Neighborhood Health Center, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Anchorage Neighborhood Health Center, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Anchorage Neighborhood Health Center, Inc. did not have any federal loan programs during the year ended June 30, 2022.
Title: Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Anchorage Neighborhood Health Center, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. 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 Anchorage Neighborhood Health Center, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Anchorage Neighborhood Health Center, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Anchorage Neighborhood Health Center, Inc. received donated Personal Protective Equipment (PPE) with an approximate fair market value of $3,148 from federal sources during the year ended June 30, 2022.