Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with teh requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts resented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with teh requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts resented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Title: Catalog of Federal Assistance Listing Numbers
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with teh requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts resented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the 10% de minimis indirect cost rate.
The program titles and Federal Assistance Listing numbers were obtained from the federal or pass-through grantor of the 2023 Federal Assistance Listing. When no Federal Assistance Listing numbers had been assigned to a program, the two digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the two digit federal agency identifier and the word "unknown" were used.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with teh requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts resented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the 10% de minimis indirect cost rate.
The Organizations have elected not to use the 10% de minimis cost rate as allowed in the Uniform Guidance, Section 206.414.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with teh requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts resented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the 10% de minimis indirect cost rate.
The Organizations did not pass on any funds to subrecipients during the year ended June 30, 2023.
Title: Summary of U.S. Department of Agriculture Loan Activity
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with teh requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts resented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the 10% de minimis indirect cost rate.
Expenditures reported consist of beginning year outstanding loan balances for direct loans of $37,834,196. Loan payments were $785,790 for the year ended June 30, 2023. Balances of outstanding loans totaled $37,049,196 at June 30, 2023.