Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule)includes the federal grant activity of Stedman-Wade Health Services, Inc., underprograms of the federal government for the year ended January 31, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Becausethe Schedule presents only a selected portion of the operations of Stedman-WadeHealth Services, Inc., it is not intended to and does not present the financial position,changes in net position, or cash flows of Stedman-Wade Health Services, Inc.
De Minimis Rate Used: N
Rate Explanation: Expenditures 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. Stedman-Wade Health Services, Inc., has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.