Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the “GAAP” 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: Y
Rate Explanation: University Emergency Medicine Services, Inc. has defaulted to the de minimis indirect cost rate of 10% under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of University Emergency Medical Services, Inc. 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of University Emergency Medicine Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of University Emergency Medicine Services, Inc. The following notes were identified on the Schedule: (a) Includes all federal award programs of University Emergency Medicine Services, Inc.
(b) Source: Assistance Listings.
(c) Prepared under accounting principles generally accepted in the United States of America (“GAAP”) and includes all federal award programs.
(d) A reconciliation to the financial statements is available.
(e) There were no funds passed through to sub-recipients during the year ended December 31, 2023.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the “GAAP” 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: Y
Rate Explanation: University Emergency Medicine Services, Inc. has defaulted to the de minimis indirect cost rate of 10% under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the “GAAP” 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: Expenditures reported on the Schedule are reported on the “GAAP” 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: Y
Rate Explanation: University Emergency Medicine Services, Inc. has defaulted to the de minimis indirect cost rate of 10% under the Uniform Guidance.
University Emergency Medicine Services, Inc. has defaulted to the de minimis indirect cost rate of 10% under the Uniform Guidance.