Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Association and is presented on the accrual basis of accounting. The information in this Schedule
is presented in accordance with the requirements of the Uniform Guidance. Therefore, some
amounts presented in this Schedule may differ from the amounts presented in, or used in the
preparation of, the basic financial statements. The amounts presented in this Schedule have been
reconciled to the Association’s basic financial statements.
Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
Program Costs: The amounts shown as current year expenses represent the federal grant portion of
the program costs. Entire program costs, including the Association’s portion, may be more than
shown.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of Community Health Center Association of Mississippi (the Association) under
programs of the federal government for the year ended June 30, 2023.
For the purposes of the Schedule, federal awards include all grants, contracts, loans, and loan
guarantee agreements entered into directly between the Association and agencies and departments
of the federal government or federal grant pass through agencies. The Association has classified all
awards into major and nonmajor programs in accordance with the provisions of Title 2 U.S. Code
of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). Major programs include the
following:
U.S. Department of Health and Human Services – Community Based Workforce Grant (CBWF
Grant).
Fiscal Period Audited: Single audit testing procedures were performed for program transactions that
occurred during the fiscal year ended June 30, 2023
Title: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Association and is presented on the accrual basis of accounting. The information in this Schedule
is presented in accordance with the requirements of the Uniform Guidance. Therefore, some
amounts presented in this Schedule may differ from the amounts presented in, or used in the
preparation of, the basic financial statements. The amounts presented in this Schedule have been
reconciled to the Association’s basic financial statements.
Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
Program Costs: The amounts shown as current year expenses represent the federal grant portion of
the program costs. Entire program costs, including the Association’s portion, may be more than
shown.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Association and is presented on the accrual basis of accounting. The information in this Schedule
is presented in accordance with the requirements of the Uniform Guidance. Therefore, some
amounts presented in this Schedule may differ from the amounts presented in, or used in the
preparation of, the basic financial statements. The amounts presented in this Schedule have been
reconciled to the Association’s basic financial statements.
Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
Program Costs: The amounts shown as current year expenses represent the federal grant portion of
the program costs. Entire program costs, including the Association’s portion, may be more than
shown.
Title: NOTE 3 OTHER NONCASH ASSISTANCE
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Association and is presented on the accrual basis of accounting. The information in this Schedule
is presented in accordance with the requirements of the Uniform Guidance. Therefore, some
amounts presented in this Schedule may differ from the amounts presented in, or used in the
preparation of, the basic financial statements. The amounts presented in this Schedule have been
reconciled to the Association’s basic financial statements.
Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
Program Costs: The amounts shown as current year expenses represent the federal grant portion of
the program costs. Entire program costs, including the Association’s portion, may be more than
shown.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
The Association did not receive federal noncash assistance during the year ended June 30, 2023.
Title: NOTE 4 AMOUNTS OF FEDERAL INSURANCE IN EFFECT DURING THE YEAR
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Association and is presented on the accrual basis of accounting. The information in this Schedule
is presented in accordance with the requirements of the Uniform Guidance. Therefore, some
amounts presented in this Schedule may differ from the amounts presented in, or used in the
preparation of, the basic financial statements. The amounts presented in this Schedule have been
reconciled to the Association’s basic financial statements.
Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
Program Costs: The amounts shown as current year expenses represent the federal grant portion of
the program costs. Entire program costs, including the Association’s portion, may be more than
shown.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10% de minimis indirect cost rate when
applicable to federal grants.
No federal insurance was received by the Association during the year ended June 30, 2023.