Audit 317126

Title: NOTE 3 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditure in prior years. De Minimis Rate Used: N Rate Explanation: Montana Primary Care Association, Inc. has not elected to use the 10% de minimis cost rate as allowed under Uniform Guidance. The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal award activity of Montana Primary Care Association, Inc. under programs of the federal government for the year ended March 31, 2024. The information 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 Montana Primary Care Association, Inc., it is not intended to and does not present the financial position, change in net assets, functional expenses, or cash flows of Montana Primary Care Association, Inc..