Notes to SEFA
Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule)summarizes the federal award activity of United Health Centers of the San JoaquinValley (UHC) under programs of the federal government for the year ended December31, 2022. The information in the Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion ofthe operations of UHC, it is not intended to, and does not, present the financial position,changes in net assets, or cash flows of UHC for the year ended December 31, 2022.NOTE 2 BASIS OF ACCOUNTINGExpenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.UHC has elected not to use the 10-percent de minimis indirect cost rate because it hasa negotiated indirect cost rate in place.NOTE 3 RELATIONSHIP OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TOTHE FINANCIAL STATEMENTSConsistent with managements policy, federal awards are recorded in various revenuecategories. As a result, the amount of total federal awards expended on the Scheduledoes not agree with the total grants and contracts revenues reported on the ConsolidatedStatement of Activities as presented in UHC's audited consolidated financial statementsfor the year ended December 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.