Title: Basis of Presentation
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of QueensCare Health Centers (“the Centers”), under the programs of the
federal government for the year ended June 30, 2023. The Schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the Centers, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the Centers.
De Minimis Rate Used: N
Rate Explanation: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or limited as to reimbursement.
The Centers has elected not to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of QueensCare Health Centers (“the Centers”), under the programs of the
federal government for the year ended June 30, 2023. The Schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the Centers, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the Centers.
Title: Basis of Accounting
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of QueensCare Health Centers (“the Centers”), under the programs of the
federal government for the year ended June 30, 2023. The Schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the Centers, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the Centers.
De Minimis Rate Used: N
Rate Explanation: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or limited as to reimbursement.
The Centers has elected not to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or limited as to reimbursement.
The Centers has elected not to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of QueensCare Health Centers (“the Centers”), under the programs of the
federal government for the year ended June 30, 2023. The Schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the Centers, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the Centers.
De Minimis Rate Used: N
Rate Explanation: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or limited as to reimbursement.
The Centers has elected not to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The Centers did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of QueensCare Health Centers (“the Centers”), under the programs of the
federal government for the year ended June 30, 2023. The Schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the Centers, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the Centers.
De Minimis Rate Used: N
Rate Explanation: Basis of Accounting
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or limited as to reimbursement.
The Centers has elected not to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The Centers did not receive federal insurance, loans, or non-cash assistance during the year ended
June 30, 2023.