Notes to SEFA
Title: Basis of Accounting
Accounting Policies: 1.Basis of Accounting
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of SeniorCare Network, Inc. (the Corporation) and is prepared using the accrual basis ofaccounting.
2.Relationship to Basic Financial Statements
The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principle and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in theSchedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
3.Indirect Costs
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of SeniorCare Network, Inc. (the Corporation) and is prepared using the accrual basis ofaccounting.
Title: Relationship to Basic Financial Statements
Accounting Policies: 1.Basis of Accounting
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of SeniorCare Network, Inc. (the Corporation) and is prepared using the accrual basis ofaccounting.
2.Relationship to Basic Financial Statements
The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principle and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in theSchedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
3.Indirect Costs
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.
The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principle and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in theSchedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements
Title: Indirect Costs
Accounting Policies: 1.Basis of Accounting
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of SeniorCare Network, Inc. (the Corporation) and is prepared using the accrual basis ofaccounting.
2.Relationship to Basic Financial Statements
The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principle and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in theSchedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
3.Indirect Costs
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under theUniform Guidance.