Title: 1. Significant Accounting Policies
Accounting Policies: Significant Accounting Policies
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes all federal grant activity of Cowlitz Family Health Center (the Center) and is presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Therefore, some amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Pass-through identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA 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.
Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes all federal grant activity of Cowlitz Family Health Center (the Center) and is presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Therefore, some amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Pass-through identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA 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.
Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
Title: 2. Clusters
Accounting Policies: Significant Accounting Policies
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes all federal grant activity of Cowlitz Family Health Center (the Center) and is presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Therefore, some amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Pass-through identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA 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.
Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
The following programs are part of larger program clusters as defined by the May 2023, Compliance Supplement during the year ended December 31, 2023:
Assistance Listing
Numbers Cluster Titles
93.224, 93.527 Health Center Program Cluster
Title: 3. Federal Loan Program
Accounting Policies: Significant Accounting Policies
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes all federal grant activity of Cowlitz Family Health Center (the Center) and is presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Therefore, some amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Pass-through identifying numbers are presented when available.
Expenditures - Expenditures reported on the SEFA 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.
Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate - The Center has elected to not use the 10 percent de minimis indirect cost rate under the Uniform Guidance.
Certain amounts reported in the accompanying SEFA include pass-through loan proceeds outstanding at December 31, 2023, as follows: