Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance and/or OMB Circular A-122 Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Mountain Comprehensive Care Center, Inc. (the “Corporation”). The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) 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
Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Corporation.
We have audited the consolidated financial statements of Mountain Comprehensive Care Center, Inc. and Affiliate (the “Organization”) as of and for the year ended June 30, 2023. The Organization consists of two entities, discussed in Note A to the consolidated financial statements. Our audit of compliance only includes the federal grant activity of Mountain Comprehensive Care Center, Inc. because the affiliated entity does not receive or expend federal awards.