Notes to SEFA
Title: General
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MyCare Health Center has elected not to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of MyCare Health Center 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 MyCare Health Center, it is not intended to and does not present the financial position,
results of its operations, or cash flows of MyCare Health Center.
Title: Subrecipients
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MyCare Health Center has elected not to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: Reconciliation to the Basic Financial Statements
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: MyCare Health Center has elected not to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance.
Federal revenues are recorded in grants and contracts revenue on the Statement of Operations as follows: Grant revenue - HRSA $ 2,731,305 Provider relief fund (93.498) revenue recognized in prior year, but reported on
schedule of expenditures of federal awards in current year 192,403 Total expenditures of federal awards $ 2,923,708