Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: 1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of La Clínica del Pueblo, Inc., 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 La Clínica del Pueblo, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of La Clínica del Pueblo, Inc.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule of expenditures of federal awards 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: Indirect costs are calculated and applied in accordance with grant requirements. La Clínica del Pueblo, Inc., has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
There were no awards passed through to subrecipients.
Title: RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE FINANCIAL STATEMENTS
Accounting Policies: 1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of La Clínica del Pueblo, Inc., 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 La Clínica del Pueblo, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of La Clínica del Pueblo, Inc.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the schedule of expenditures of federal awards 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: Indirect costs are calculated and applied in accordance with grant requirements. La Clínica del Pueblo, Inc., has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
SEE THE NOTES TO THE SEFA FOR CHART/TABLE.