Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: NOTE 2: 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hyndman Area Health Center has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Hyndman Area Health Center under programs of the federal government for the year ended December 31, 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 Hyndman Area Health Center, it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Hyndman Area Health Center.
Title: Note 4: Federal Loan Programs
Accounting Policies: NOTE 2: 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hyndman Area Health Center has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
The federal loan program listed subsequently is administered directly by Hyndman Area Health Center, and balances and transactions relating to this program are included in Hyndman Area Health Centers financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of the loan outstanding at December 31, 2022, consists of: Federal Assistance Listing Number - 59.008, Program Name - Disaster Assistance Loans, Outstanding Balance at December 31, 2022 - Total $656,100.
Title: Note 5: Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: NOTE 2: 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hyndman Area Health Center has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
Personal Protective Equipment (PPE) (Unaudited): Hyndman Area Health Center did not receive donated PPE from a federal source during the year ended December 31, 2022.