Notes to SEFA
Title: OVERSIGHT NORTHCARE NETWORK
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts on the schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: NorthCare has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The U.S. Department of Health and Human Services is the current year’s oversight NorthCare Network (NorthCare) for the single audit as determined by the agency providing the largest share of NorthCare’s direct federal awards.