Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal grant activity of the National Latino Behavioral Health Association (the Association)under programs of the federal government for the year ended December 31, 2022. Because theSchedule presents only a selected portion of the operations of the Association, it is not intendedto and does not present the financial position, changes in net assets, or cash flows of theAssociation.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10 percent de minimis indirect cost rate allowed underthe Uniform Guidance, but charges indirect costs as specifically allowed for by the individualgrant awards.