Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Revenue is recognized when received or when earned by the organization.
The expenditures presented in the schedule were developed from grant records and federal, state,
and local financial reports which have been reconciled to the central accounting records of
TSCHC.
TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance
(the schedule) is presented on the accrual basis of accounting. The purpose of the schedule is to
present a summary of those activities represented by Tri State Community Health Center
(TSCHC) for the year ended June 30, 2023, which have been financed by the U.S. Government
(federal awards). For the purpose of the schedule, federal awards include all of federal assistance
and procurement relationships entered into directly between Tri State Community Health Center,
it is not intended to and does not present either the financial position or the changes in fund
balances of Tri State Community Health Center. The information in this schedule is presented in
accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance).
Individual awards within each category of federal awards are identified by CFDA number and
program name if the award is individually significant to the category of award. All other awards
are presented in total by funding agency.
Title: Basis of Accounting
Accounting Policies: Revenue is recognized when received or when earned by the organization.
The expenditures presented in the schedule were developed from grant records and federal, state,
and local financial reports which have been reconciled to the central accounting records of
TSCHC.
TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Revenue is recognized when received or when earned by the organization.
The expenditures presented in the schedule were developed from grant records and federal, state,
and local financial reports which have been reconciled to the central accounting records of
TSCHC.
TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: Contingencies
Accounting Policies: Revenue is recognized when received or when earned by the organization.
The expenditures presented in the schedule were developed from grant records and federal, state,
and local financial reports which have been reconciled to the central accounting records of
TSCHC.
TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: TSCHC has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The federal and state grants received by TSCHC are subject to audit and adjustment. If any
expenditures are disallowed by the grantor agencies as a result of such an audit, the grantor
agencies could make a claim for reimbursement, which would become a liability of TSCHC.