Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: Central Florida Health Care, Inc. and Subsidiaries have elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Central Florida Health Care, Inc. and Subsidiaries (the “Organization”) under the programs of the federal government for the year ended January 31, 2023. The information in the 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 Central Florida Health Care, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Central Florida Health Care, Inc. and Subsidiaries.
Title: RECEIVABLE FROM U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: Central Florida Health Care, Inc. and Subsidiaries have elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization submits requests for reimbursement to the U.S. Department of Health and Human Services on a periodic basis. At January 31, 2023, the U.S. Department of Health and Human Services owed the Organization $54,063.
Title: SUBRECIPIENTS
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: Central Florida Health Care, Inc. and Subsidiaries have elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization did not provide federal awards to any subrecipients during the year ended January 31, 2023.