Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Health Research and Educational Trust (the “Trust”) 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 Principals, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Trust, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Trust. 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.
De Minimis Rate Used: N
Rate Explanation: The Trust has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Trust uses a 63.5% indirect cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Health Research and Educational Trust (the “Trust”) 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 Principals, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Trust, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Trust.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Health Research and Educational Trust (the “Trust”) 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 Principals, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Trust, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Trust. 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.
De Minimis Rate Used: N
Rate Explanation: The Trust has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Trust uses a 63.5% indirect cost rate.
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.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Health Research and Educational Trust (the “Trust”) 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 Principals, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Trust, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Trust. 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.
De Minimis Rate Used: N
Rate Explanation: The Trust has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Trust uses a 63.5% indirect cost rate.
The Trust has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Non-Cash Assistance, Insurnce, Loans, and Loan Guarantees Outstanding
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Health Research and Educational Trust (the “Trust”) 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 Principals, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Trust, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Trust. 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.
De Minimis Rate Used: N
Rate Explanation: The Trust has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Trust uses a 63.5% indirect cost rate.
The Trust did not receive any non-cash assistance during the year ended December 31, 2023. The Trust did not have any federal insurance in effect during the year ended December 31, 2023, nor were there any federal loans or loan guarantees outstanding at year end.