Notes to SEFA
Title: Note 1: 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, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Indian Family Health Clinic of Great Falls, Incorporated has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity
of Indian Family Health Clinic of Great Falls, Incorporated under programs of the federal government for the year
ended September 30, 2023. The information in this Schedule is presented in accordance with requirements of
the 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 Indian Family Health Clinic of Great Falls, Incorporated, it is not intended to and does
not present the financial position, changes in net assets or cash flows of Indian Family Health Clinic of Great Falls,
Incorporated
Title: Note 2: 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, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Indian Family Health Clinic of Great Falls, Incorporated has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
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.
Title: Note 3: Indirect Cost Rate
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, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Indian Family Health Clinic of Great Falls, Incorporated has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
Indian Family Health Clinic of Great Falls, Incorporated has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
Title: Note 4: Sub-Recipients
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, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Indian Family Health Clinic of Great Falls, Incorporated has elected not to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
Indian Family Health Clinic of Great Falls, Incorporated does not have any sub-recipients of federal awards.