Notes to SEFA
Title: Basis of Presentation
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenitures are recognized following the cost principles contained in the uniform guidence, whenin certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Health Care and Rehabilitation Services of Southern Vermont, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards incldued the federa; award activity of Health Care and Rehabilitation Services of Southestern, Vermont, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of title 2 U.S Code of Federal Regulations Part 200, Uniform Administrative Requirments, Cost Principles, and Audit Requirments for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of HCRS, it is not intented to and does not present the financial postions, changes in net asstes, or cash flows of Health Care and Rehabilitation Services of Southern Vermont, Inc.