Notes to SEFA
Title: NOTE 3 ECONOMIC INJURY DISASTER LOAN
Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.-NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 INDIRECT COST RATEThe Clinic elected not to use the 10% de minimus indirect cost rate which is allowed under the Uniform Guidance.
The balance of the Economic Injury Disaster Loan at June 30, 2022 totaled $150,000.
Title: NOTE 5 IN-KIND PERSONAL PROTECTIVE EQUIPMENT (PPE)
Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.-NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 INDIRECT COST RATEThe Clinic elected not to use the 10% de minimus indirect cost rate which is allowed under the Uniform Guidance.
The Clinic received no federally funded in-kind Personal Protective Equipment (PPE) during the year ended June 30, 2022.
Title: NOTE 6 SUBRECIPIENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.-NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 INDIRECT COST RATEThe Clinic elected not to use the 10% de minimus indirect cost rate which is allowed under the Uniform Guidance.
The Clinic did not passthrough federal awards to any subrecipients during the year ended June 30, 2022.