Audit 2677

Title: BASIS OF PRESENTATION Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America and is in accordance with the Uniform Guidance. Expenditures reported on the Schedule of Expenditures of Federal Awards include cash disbursements, whether capitalized or expensed, during the fiscal year, as well as grant related amounts recorded as payable at year end. Revenues reported on the Schedule of Expenditures of Federal Awards include cash receipts, whether recognized or deferred, as well as grant receivables recorded at year end. Whole Family Health Center is reporting $452,497 in PRF funding on the SEFA (Period 4) in compliance with the PRF special reporting requirement for the year ended March 31, 2023. Whole Family Health Center has recognized revenues (GAAP basis) of $452,497 (Period 4) in PRF funding for the year ended March 31, 2022. De Minimis Rate Used: N Rate Explanation: Whole Family Health Center did not routinely allocate costs to Federal Awards programs. Costs charged to such programs were direct costs unless specifically incurred for the program and allowed and indicated as such. The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America and is 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 Whole Family Health Center is not intended to and does not present the financial position, changes in net assets, or cash flows of Whole Family Health Center.