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 the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Changepoint Integrated Health has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Changepoint Integrated Health has not 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 (the “Schedule”) includes the federal award activity of Changepoint Integrated Health under programs of the federal government for the year ended September 30, 2022. 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 Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Changepoint Integrated Health, it is not intended to and does not present the financial position, changes in net position, changes in net assets or cash flows of Changepoint Integrated Health. Changepoint Integrated Health did not provide federal awards to subrecipients during the year ended September 30, 2022.
Title: Loans outstanding
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. Changepoint Integrated Health has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Changepoint Integrated Health has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Changepoint Integrated Health had the following loan balances outstanding at September 30, 2022. These loan balances outstanding are also included in the federal expenditures presented in the Schedule of Expenditures of Federal Awards. See notes to the schedule of expenditures of federal awards for table.