Notes to SEFA
Title: Note 3: LOAN
Accounting Policies: Basis of Presentation – This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiaries (the Clinic) 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: The Clinic has not elected to use the 10% de minimis indirect cost rate.
The Clinic did not expend federal awards related to loans or loan guarantees during the year.
Title: Note 4: FEDERALLY FUNDED INSURANCE
Accounting Policies: Basis of Presentation – This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiaries (the Clinic) 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: The Clinic has not elected to use the 10% de minimis indirect cost rate.
The Clinic has no federally funded insurance.
Title: Note 5: NONCASH ASSISTANCE
Accounting Policies: Basis of Presentation – This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiaries (the Clinic) 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: The Clinic has not elected to use the 10% de minimis indirect cost rate.
The Clinic did not receive any federal funded noncash assistance for the fiscal year ended December 31, 2023.
Title: Note 6: RECONCILIATION OF FEDERAL EXPENDITURES TO FEDERAL REVENUE
Accounting Policies: Basis of Presentation – This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiaries (the Clinic) 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: The Clinic has not elected to use the 10% de minimis indirect cost rate.
Below is a reconciliation of the schedule of expenditures of federal awards to the grant revenues as presented on the consolidated statements of activities of the Clinic.