Title: Basis of Accounting and Presentation.
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the Uniform Guidance, and the Texas Grant Management Standards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal and state awards may include a portion of costs associated with general and administrative activities, which are allocated to federal and state assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards consist of administrative salaries and administrative fees, which are allocated to various programs based on the percentage of total patients or clients served under each program. In the absence of any program participants, indirect expenses are charged based on actual time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.There were no sub-recipients of the Federal and State Awards received by Project Vida Health Center for the year ended August 31, 2023. The Organization was a recipient of $3,747 and $16,235 in November 2021 and April 2022, respectively. The distribution received in November 2021 corresponds to Period 4 of PRF distributions. The distribution received in April 2022 corresponds to Period 5 of PRF distributions. The Organization incurred eligible expenses and, therefore, recognized revenues totaling $19,982 for the year ended August 31, 2022, on the financial statements in fiscal year 2022. In accordance with the OMB compliance supplement addendum, the PRF expenditures recognized on the schedule are based upon the PRF report that was submitted to the HRSA reporting portal for the corresponding period. The 2023 OMB Compliance Supplement requires that Period 4 and Period 5 PRF
awards be included in the Schedule of Federal Expenditures for the year ended August 31, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the Uniform Guidance, and Texas Uniform Grant Management Standards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Indirect Costs
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the Uniform Guidance, and the Texas Grant Management Standards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal and state awards may include a portion of costs associated with general and administrative activities, which are allocated to federal and state assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards consist of administrative salaries and administrative fees, which are allocated to various programs based on the percentage of total patients or clients served under each program. In the absence of any program participants, indirect expenses are charged based on actual time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.There were no sub-recipients of the Federal and State Awards received by Project Vida Health Center for the year ended August 31, 2023. The Organization was a recipient of $3,747 and $16,235 in November 2021 and April 2022, respectively. The distribution received in November 2021 corresponds to Period 4 of PRF distributions. The distribution received in April 2022 corresponds to Period 5 of PRF distributions. The Organization incurred eligible expenses and, therefore, recognized revenues totaling $19,982 for the year ended August 31, 2022, on the financial statements in fiscal year 2022. In accordance with the OMB compliance supplement addendum, the PRF expenditures recognized on the schedule are based upon the PRF report that was submitted to the HRSA reporting portal for the corresponding period. The 2023 OMB Compliance Supplement requires that Period 4 and Period 5 PRF
awards be included in the Schedule of Federal Expenditures for the year ended August 31, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
Expenditures of federal and state awards may include a portion of costs associated with general and administrative activities, which are allocated to federal and state assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards consist of administrative salaries and administrative fees, which are allocated to various programs based on the percentage of total patients or clients served under each program. In the absence of any program participants, indirect expenses are charged based on actual time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
Title: Sub-Recipients
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the Uniform Guidance, and the Texas Grant Management Standards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal and state awards may include a portion of costs associated with general and administrative activities, which are allocated to federal and state assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards consist of administrative salaries and administrative fees, which are allocated to various programs based on the percentage of total patients or clients served under each program. In the absence of any program participants, indirect expenses are charged based on actual time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.There were no sub-recipients of the Federal and State Awards received by Project Vida Health Center for the year ended August 31, 2023. The Organization was a recipient of $3,747 and $16,235 in November 2021 and April 2022, respectively. The distribution received in November 2021 corresponds to Period 4 of PRF distributions. The distribution received in April 2022 corresponds to Period 5 of PRF distributions. The Organization incurred eligible expenses and, therefore, recognized revenues totaling $19,982 for the year ended August 31, 2022, on the financial statements in fiscal year 2022. In accordance with the OMB compliance supplement addendum, the PRF expenditures recognized on the schedule are based upon the PRF report that was submitted to the HRSA reporting portal for the corresponding period. The 2023 OMB Compliance Supplement requires that Period 4 and Period 5 PRF
awards be included in the Schedule of Federal Expenditures for the year ended August 31, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
There were no sub-recipients of the Federal and State Awards received by Project Vida Health Center for the year ended August 31, 2023.
Title: Provider Relief Fund
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the Uniform Guidance, and the Texas Grant Management Standards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal and state awards may include a portion of costs associated with general and administrative activities, which are allocated to federal and state assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards consist of administrative salaries and administrative fees, which are allocated to various programs based on the percentage of total patients or clients served under each program. In the absence of any program participants, indirect expenses are charged based on actual time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.There were no sub-recipients of the Federal and State Awards received by Project Vida Health Center for the year ended August 31, 2023. The Organization was a recipient of $3,747 and $16,235 in November 2021 and April 2022, respectively. The distribution received in November 2021 corresponds to Period 4 of PRF distributions. The distribution received in April 2022 corresponds to Period 5 of PRF distributions. The Organization incurred eligible expenses and, therefore, recognized revenues totaling $19,982 for the year ended August 31, 2022, on the financial statements in fiscal year 2022. In accordance with the OMB compliance supplement addendum, the PRF expenditures recognized on the schedule are based upon the PRF report that was submitted to the HRSA reporting portal for the corresponding period. The 2023 OMB Compliance Supplement requires that Period 4 and Period 5 PRF
awards be included in the Schedule of Federal Expenditures for the year ended August 31, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
The Organization was a recipient of $3,747 and $16,235 in November 2021 and April 2022, respectively. The distribution received in November 2021 corresponds to Period 4 of PRF distributions. The distribution received in April 2022 corresponds to Period 5 of PRF distributions. The Organization incurred eligible expenses and, therefore, recognized revenues totaling $19,982 for the year ended August 31, 2022, on the financial statements in fiscal year 2022. In accordance with the OMB compliance supplement addendum, the PRF expenditures recognized on the schedule are based upon the PRF report that was submitted to the HRSA reporting portal for the corresponding period. The 2023 OMB Compliance Supplement requires that Period 4 and Period 5 PRF awards be included in the Schedule of Federal Expenditures for the year ended August 31, 2023. A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows: Federal grant expenditures per SEFA $11,640,982, Less Period 4 and 5 PRF expenditures recognized in the statement of activities August 31, 2022 -19,982, State grants 1,028,128, Total federal and state grant income included in the statement of activities $12,649,128