Notes to SEFA
Accounting Policies: 1. Basis of PresentationThe accompanying schedule of expenditures of federal and state awards includes the federal andState of Texas grant activity of Access Esperanza Clinics Inc. and is presented on the accrual basisof accounting and in accordance with the requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance) and the State of Texas Uniform Grant Management StandardsChapter IV Texas State Single Audit Circular. Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of the financial statements.For purposes of this schedule, federal awards include both federal and state financial assistancereceived directly from a federal and state agency, as well as federal and state funds receivedindirectly by Access Esperanza Clinics from a non-federal and state agency or other organization.Only the portion of program expenditures reimbursable with such federal and state funds is reportedin the accompanying schedule. Program expenditures in excess of the maximum federal or statereimbursement authorized or the portion of program expenditures that were funded with local orother non-federal or State of Texas funds are excluded from the accompanying schedule.Because the Schedule presents only a selected portion of the operations of Access EsperanzaClinics Inc., it is not intended to and does not present the financial position, changes in net assets,or cash flows of Access Esperanza Clinics Inc.2. Summary of Significant Accounting PoliciesExpenditures - Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance and State of Texas Singe Audit Circular wherein certain types of expenditures are notallowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.