Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the state grant activity of Texas Association of Community Health Centers, Inc. and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards includes the state grant activity of Texas Association of Community Health Centers, Inc. and is presented on the accrual basis of accounting. 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).
Title: NOTE B – OTHER DISCLOSURES
Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the state grant activity of Texas Association of Community Health Centers, Inc. and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: N/A
During the current year, insurance policies in effect covered $3,000,000 for building, $682,000 for contents, actual loss sustained of business income for 12 months, $1,000,000 /$2,000,000 for general liability, $1,000,000 for auto, employee benefits liability, commercial umbrella, directors, officers and employment practices liability, $500,000 for worker's compensation, $200,000 for flood insurance, and $500,000 for excess employee theft insurance. During 2023, expenditures of $11,668 were made for insurance out of federal funds. There were no loans or loan guarantees, including interest subsidies, outstanding at year end.
Title: NOTE C – INDIRECT COST RATE
Accounting Policies: NOTE A – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the state grant activity of Texas Association of Community Health Centers, Inc. and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: N/A
Texas Association of Community Health Centers, Inc. has elected not to use the 10% de minimus cost rate allowed under the Uniform Guidance.