Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
and state award activity of Atascosa Health Center, Inc. (AHC) under programs of the federal and state
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
government for the year ended January 31, 2024. The information in this Schedule is presented in accordance
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of the operations
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
of AHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows
Title: NOTE A - 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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
of AHC.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
The AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
The AHC has three Community Facilities direct loans funded by the U.S. Department of Agriculture for the
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
development of essential community facilities for public use in rural communities, Loan No. 97-01, Loan No.
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
97-02 and Loan No. 97-03.
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
For Loan No. 97-01, the beginning of the audit period balance of $1,278,135 is included in total federal
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
awards expended in the Schedule. The balance outstanding on the loan at the end of the audit period, January
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
31, 2023, is $1,255,210.
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
For Loan No. 97-02, the beginning of the audit period balance of $1,899,512 is included in total federal
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
awards expended in the Schedule. The balance outstanding on the loan at the end of the audit period, January
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
31, 2023, is $1,864,448.
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
For Loan No. 97-03, the beginning of the audit period balance of $1,849,143 plus additional funds
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
received on this loan during the audit period of $101,371 and $46,400, is included in total federal awards
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
expended in the Schedule as required by Uniform Guidance for new loans. The balance outstanding on
Title: NOTE C - U.S. DEPARTMENT OF AGRICULTURE LOANS
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 and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The AHC elects to use the 10 percent de minimus indirecto cost rate as allowed under the Uniform Guidance.
the loan at the end of the audit period, January 31, 2024, is $1,911,522.