Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is
described in Note 1 to the Organization’s financial statements for the year ended December 31,
2023. Such expenditures are recognized following the cost principles contained in accordance with
the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from amounts
presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis
cost rate as covered in §200.414 of the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal
grant activity of Jefferson Community Health Care Centers, Inc. d/b/a InclusivCare (the Organization
or InclusivCare) under programs of the federal government for the year ended December 31, 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 Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operations of the Organization, it is not intended to and does not present the
consolidated financial position, changes in net assets, or cash flows of the Organization. The
Organization’s reporting entity is defined in Note 1 to the financial statements for the year ended
December 31, 2023.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is
described in Note 1 to the Organization’s financial statements for the year ended December 31,
2023. Such expenditures are recognized following the cost principles contained in accordance with
the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from amounts
presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis
cost rate as covered in §200.414 of the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is
described in Note 1 to the Organization’s financial statements for the year ended December 31,
2023. Such expenditures are recognized following the cost principles contained in accordance with
the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from amounts
presented, or used in the preparation of, the basic financial statements.
Title: Relationship to Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is
described in Note 1 to the Organization’s financial statements for the year ended December 31,
2023. Such expenditures are recognized following the cost principles contained in accordance with
the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from amounts
presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis
cost rate as covered in §200.414 of the Uniform Guidance.
Federal revenues of $6,057,741 are included in the Consolidated Statement of Activities and
Changes in Net Assets in the category “Federal program revenues.”
Title: Relateionship to Federal Finanical Reports
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is
described in Note 1 to the Organization’s financial statements for the year ended December 31,
2023. Such expenditures are recognized following the cost principles contained in accordance with
the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from amounts
presented, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the 10% de minimis
cost rate as covered in §200.414 of the Uniform Guidance.
Amounts reported in the Schedule agree with the amounts reported in the related federal financial
reports, except for the amounts in reports submitted as of a date subsequent to December 31, 2023.