Notes to SEFA
Accounting Policies: Basis of Presentation. The accompanying schedule of federal awards includes the federal grant activity of Midtown Health Center and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Indirect Costs. Midtown Health Center did not elect to use the ten percent de minimis indirect cost rate as allowed in the Uniform Guidance, 2 CFR 200.414.